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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 (40764)	11/26/2012 8:53:15 AM
From: Fintas	Read Replies (1) \| Respond to of 219473

1386/1404/1422 off the 1350 was suggested. The question now is do we get to that 1422 and if so how much higher. Or if we do not get to it then how do we fare on the retest from whence we came? Don't ignore the VIX. SPX momo near bounced nicely from the low of 22 to now 48. As that happened the 10 week momo and 30 week momo also moved UP. All of them causing The spx bp to stop the downside selling to turn and move up to 59. Sooooooo if we have a range of 55 ish for that near term momo and a possible turn up to 65 on the spx bp. Bell curve bounced to the 56. So did the momo's BUT What happens when they stall? They WILL Back to spx 1350 and? I'll stick with my numbers until I see that glass emptied. THEN I'll shift to the 1486/1540/1702/1868. NOT yet but it's coming. Fintas