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

To: Fintas who wrote (42009)	12/18/2012 8:42:05 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 223506

As of last Friday, there were 820.78 million shares of SPY outstanding, that takes it well above the upper BB on this chart... so, there is serious reason to be suspicious of this rally... as of last Thursday, there were 824.23 million shares outstanding, so the number has dropped some, but not enough to declare a top of any sort right now... just that it's getting closer... as you may notice on this chart, when the number of SPY share outstanding rises above the upper BB, there is the high risk of a meaningful top... GZ