Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Hawkmoon who wrote (50011)	5/10/2013 2:05:00 PM
From: Fintas	Respond to of 218305

First we are NOT seeing dow 6000 or similar in spx any time soon. I'll even say NOT! Now what the chart you presented reflects lines aka milestones yet we need a bit more than that. Every number has a range. Every range has a % whether it be up or down. What one has to ask is if any particular range is possible or probable and what detail could cause that too occur up or down. There is NO question that all is not HEALED re 2008-2009. That is why the FED has been doing what is has. To buy TIME. So far they have bought a lot with QE1, QE2,QE3...And as we know QE3 is in the keep on keeping mode. Most who are objective understand we are extended. The % gains up from 1350 area to the 1630 area clearly show such. Most who are objected can see spx 1134 and 1074 and understand the dates. Bottom line is you don't need to worry. You don't need to pay for a service. It's free on this board. Most understand we will pull back. The question here and now is how deep. As of late the perma perma perma perma perma bulls debate how high with disregard to % and suggest perma perma timelines. I disgree as a PERMA BULL. So pick a number down. Just don't be looking below spx 1300. In fact to get there it first has to get under 1600/1500/1400. WHEW. Yes I know I have a 1300. I also understand % down and what that would require those sectors to do to get there.. Thanks for the info though. Fintas