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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 (40938)	11/29/2012 9:26:48 AM
From: Hawkmoon	Respond to of 218641

Absolutely!! Pinching is good if volatility decreases as the struggle between shorts and longs increases.. And when one side or the one "loses", the momentum moves in the same direction.. Longs getting longer, shorts going long.. (or vice versa) So we need a MAJOR rally to get those BB's to flare outward and permit new highs, avoiding a triple top pattern.. And as Ron Rosen pointed out, the S&P has been, essentially, in a bear market since 2000, forming a megaphone pattern during that period. Found his analysis after posting my chart: kingworldnews.com I sincerely hope we can see higher highs.. And it's quite possible, if we get some spectacular news that drives prices higher.. Hawk

To: GROUND ZERO™ who wrote (40938)	11/29/2012 11:32:14 AM
From: Joseph Silent	Read Replies (1) \| Respond to of 218641

For the very near-term I am seeing the 1430 area as a checkpoint where something may happen. Under the assumption that we continue going up after a potential breather, then it also seems to be half-way to (using the run from 1350 to 1430 or so to measure halfway) to the eventual target for the run. So if it works out, we may eventually see 1510+ or so after the potential breather. No magic here ...... just basing this off symmetries from the June low. :)