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

To: Vendit™ who wrote (43743)	1/13/2013 7:30:56 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218715

Thanks for the assessment... I agree, this market is between a rock and a hard place, e.g., too over bought but no sell signal yet... GZ

To: Vendit™ who wrote (43743)	1/13/2013 8:37:55 PM
From: Joseph Silent	Read Replies (3) \| Respond to of 218715

I think Vendit, while we may have the retrace you are looking for on news, the market has this energy that is looking for an excuse to go higher. So I expect that we will get a strong move up. First it has to cross 1475. At the least I expect the 1490-1500 area, but it is possible to go to 1510-1520 too ...... strange I know. But it all depends on whether it will get the news it is looking for. If all this happens, I don't want to see it come down below 1475 right away. That will change things. :)

To: Vendit™ who wrote (43743)	1/15/2013 12:00:35 AM
From: Copeland	Read Replies (1) \| Respond to of 218715

I started a small short in the spoos overnight on Globex. We'll see if it pays off in the AM. I don't expect a pullback any further than 1450, though. I don't like the action in AAPL today, the double top on the ES 15 minute chart, or the Forex action occurring right now either, which is telling me to expect a move down. ...but I do expect a pullback long enough to get people beared up enough to sock 'em in the gut when this reverses to the upside.