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

To: penthouse mike who wrote (48408)	4/9/2013 7:06:25 PM
From: GROUND ZERO™	Respond to of 220894

Yes, I'm holding a lighter position from when I posted to you that I was closing out 1/2 since I was in rather heavy... I'm sending out an email in about 15 minutes or so, I may actually just go flat before this evening is out, you will see why in the email... GZ

To: penthouse mike who wrote (48408)	4/9/2013 7:34:53 PM
From: GROUND ZERO™	Respond to of 220894

To let you know, I reduced my long position even more just now, I'm now holding only a light position so I won't get hammered if something odd happens overnight, but I'm still in the game if we continue to rally... why be greedy? GZ

To: penthouse mike who wrote (48408)	4/9/2013 7:39:04 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 220894

Okay, scratch the previous post, I took a light short for overnight... very light... GZ

To: penthouse mike who wrote (48408)	4/10/2013 5:51:48 AM
From: GROUND ZERO™	Respond to of 220894

Stopped out of the short SP overnight, just a 2 point risk, now flat... GZ

To: penthouse mike who wrote (48408)	4/10/2013 6:42:38 AM
From: GROUND ZERO™	2 Recommendations Read Replies (3) \| Respond to of 220894

Below is the 25 year monthly SP futures chart... in March of 2000, the all time top was at 1574.00... 91 months later, in October 2007 it reached a high of 1586.50... the difference between the two highs is 12.5 points... if you connect the two highs, that line rises each month at the rate of .13736 points each month over those 91 months... we're now in April of 2013, this is now 66 months from the previous 2007 high... at the rate of incline, that line would be at 1595.56 for this month... at 1595.697 for May 2013... I wouldn't be at all surprised if that were the absolute high for the market this year before a more serious decline begins... also, considering where the current major VP is placed and scheduled, I have to wonder if the "sell in May" effect is going to take place no matter what the FED does... GZ