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

To: GROUND ZERO™ who wrote (49875)	5/9/2013 9:02:35 AM
From: Fintas	Read Replies (1) \| Respond to of 220517

Easy, Cat isn't at 114.IBM is not at it's highs, In fact CAT is still going to retest it's recent lows once this bounce is done. I'm LONG CAT JPM is not making a new high, IT too will retrace the 40's. I'm long JPM Neither is Intc back at 27.75. Before it sees 30 it'll see the low 20's I can go on and on. Don't let the numbers confuse ya. They often deceive.. All that is happening is more and more are stepping into this market as the Fed wants and as they do help with the stabilizing of the system. Putting the cash in to watch it diminish as we retrace. Yet you prove my point re SPX cash. It's up 21.5% and OVERBOUGHT. Unless you really believe up 21.5% in six months is the norm for an index. That's not a STOCK that is up 21.5. If that was 21.5 Down we'd be hearing bear market. NOW if you want to buy BAC at 12.96..be my guest. The TIME to buy BAC was much lower. Here and now it's a trade into a headwind. And why I sold covered calls for the 15's. ALL IMHO