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


To: TFF who wrote (41338)12/5/2012 1:54:38 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 222699
 
Definitely a good sign going forward... I hope we can get some kind of pull back early tomorrow, I want to add more... otherwise I'll just add anyhow... this market had me fooled, I was so sure it was about to take a dive... call me wrong!!!

GZ



To: TFF who wrote (41338)12/5/2012 2:11:01 PM
From: Fintas  Respond to of 222699
 
First I own those banks in BAC and JPM in core and leaps (no leaps in JPM yet) so this comes from a perspective of objectivity. BANKS and SAVINGS are BOTH sitting to the right in the high 60 and low 70's on the BELL CURVE re their sectors. And they can both go higher BUT, at some point they will sell em to bring that number closer to the 50 area. So I'm enjoying the upside today but I'm not gettging giddy until I see BAC at 16 from whence it rolled over in 2011 and JPM at the high 46 from whence it rolled over. When that happens I will know the downisde is done. Until I expect profit taking at some point even if that doesn't happen until after Jan options.

BUT for today. I love green.

Fintas