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

To: Keith Feral who wrote (42293)	12/21/2012 6:43:04 AM
From: GROUND ZERO™	1 Recommendation Respond to of 221975

I absolutely agree... everyone wants to buy lower, but when it goes lower, everyone get scared... LOL!!! Frankly, I also was freaked out on my wits last night when I saw the SP futures were down 20 points, I could have fainted, almost did, too... I probably became dehydrated with all that sudden sweating... my first thought was, my God, how did the Mayans know this was gonna happen??? LOL!!! But this morning I see this pull back as the real answer to my prayers, this market needs a shake out to reduce the weight on its back, too many people are holding on, the SPY shares outstanding are at 837.68 million, that's waaaaaaaaaaay above the upper BB... these markets can't move higher with all that weight on its back, so a good shake out is what we need... Today is also option expiration, and ex-dividends for some, so we should expect something like this, it only began earlier than expected in a very thin overnight market where they could run all the stops in Asia on the fecal cliff debacle... very honestly, I wouldn't be surprised if these markets closed in the green today... Here's the SPY shares outstanding chart with the BB included... GZ