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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 (46518)	2/20/2013 9:23:10 PM
From: Vendit™	Respond to of 218844

To be clear, the $SPX must close higher tomorrow than it did today because we are at a very cautious support area.

To: Vendit™ who wrote (46518)	2/20/2013 10:04:15 PM
From: Joseph Silent	Read Replies (1) \| Respond to of 218844

I was expecting a decline much earlier, and it is left to be seen if today starts one. Here is a chart of the 2-hourlies. It's anybody's guess how and where we bounce, but ideally I would like to see 1470 +/- 10 points or so before we renew an attack on all-time market highs ..... and I am almost certain we will. The thin sloping red line is actually a delayed version of how I thought we may decline and even that now looks premature. The eternal male preoccupation. :)