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

To: Machaon who wrote (49764)	5/7/2013 12:21:09 PM
From: Fintas	1 Recommendation Read Replies (2) \| Respond to of 218580

Tried responding earlier but don't think it went thru. So here's something very simple. Those who use PNF use a 1.62/.81/.54/.27.. Take a peek and be objective. What do you see UP? What do you see down? Now throw in the details re sectors and a bell curve. HINT dancing with the clouds. It isn't If but when and from where. I'm very comfortable with the work here and now, just as I was when I took a stand back in 2010 that 950 would NOT be revisited. It wasn't. Here and now although I maintain long term targets UP re spx and core, I'm buying PUTS! This year is the first time EVER !!!!!. Put it in context. a perma bull is buying PUTS. Debate but don't ignore. If I can see UP.. I can also see DOWN. Those who look at the PNF chart of the SPY and the details I suggested be looked. That will give a very good idea of how much higher and also what to expect re low. The question is HOW LONG. It will be a nice retracement by the time it is done. Just as 1620 was a very nice move up.. Good trading. Fintas.