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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (40246)	11/13/2012 7:24:15 AM
From: Fintas	Read Replies (2) \| Respond to of 220883

I had spx 1270 as an area long ago even though the spx 1486 was a target. When spx 1486 wasn't taken out and HELD. Then I had things moving from spx 1458. And THAT allowed for spx 1404/1350 ( which is coming) and under that is the 1296. Get to that area ol 1270 kicks in IF there is a last dump. NOW had 1486 held and we broke into the 1500's due to whatever. Then that spx 1270 wasn't going to happen. But that was then and now is now. Throw in the spx bullish percent is in the 60's with plenty of room to get to the low 50's and your spx 1300 or EVEN LOWER is an objective view. Now to see if it plays out over the next months. If it does I will not be surprised and if it doesn't I will not be surprised for I'm still very bullish LONG term. This is a great time to add to a core via leaps or size in or take a first position. IMHO Fintas