Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: rkchris who wrote (8178)	6/2/2012 8:38:56 AM
From: Fintas	Read Replies (4) \| Respond to of 41111

With the bell curve avg at 39.5 and 35 from whence this rally began and a vix that wants to touch 27 and probably a bit higher, then yup ol 1270 is still valid. However keeping it all in perspective from the BULL view is that hmm this began from a 1070 ish and yanking them down to spx 1270 or that still possible 1216 is a LONG ways up from that 1070 in the world of % and low interest rates. There is MUCH more going on here than buying and selling. Regardless one plays what they see and there's enough room to go lower to hit that 1270. On the flip side depending how high we bounce and I'm in the camp of either monday,tuesday or wednesday this near term bottom is in and we bounce. But if that bounce is NOT powerful enough then we go lower than 1270 to try for that 1250 and then and only then does 1216 look possible. However here and now if they take it to 1333 to the 1342 then lower than 1270 is unlikely. We shall see but here's the challenge for the BULL. Don't allow your optimism to ignore objectivity. Someone wanted that spx closer to 1300 from that 1423 and it happened. Regardless of all the wave patterns etc. Again this is much more than buying and selling but a well orchestrated plan to reconcile before they lift em up again towards that 1456, 1565 etc. ALL IMHO. but an opinion that saw this from 1423.