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

To: Joseph Silent who wrote (8765)	8/21/2012 1:22:11 PM
From: Joseph Silent	Respond to of 41471

Looking at today's price behavior as of 1:00 pm .............................. after a multi-year (new) high ...... I am going to qualify the time portion of my previous post. If we continue to move up in this grind-up pattern along a main diagonal, instead of strong upmoves, then in principle we could continue this plod up until the middle of September.

To: Joseph Silent who wrote (8765)	8/22/2012 12:12:55 PM
From: Fintas	Read Replies (1) \| Respond to of 41471

That spx 1450 is possible but if we don't take out spx 1432 soon and hold then spx 1450 is not happening yet. And until we take out spx 1486 and HOLD then forget the spx 1500's. 1324 + 162=1486. That completes a set of strings. That supports my view spx 1324 is still the controlling pivot until spx 1486 is hit and held. Spx 1432 is a step to that spx 1486 and at this point we have yet to establish that platform and hold. Throw in some excesses on momentums, a glass that is a bit too full and that supports we need more work. We shall see. Now if I'm wrong I will not cry for I am LONG CORE and of course calls. .