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

To: Chip McVickar who wrote (50520)	5/21/2013 9:52:28 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 220483

Yes, I saw that yesterday... this market is going to "look" toppy all the way up... 1667.50 is one of my major VP prices and that stopped the rally yesterday, but I don't think it will hold the rally back for very long, but who knows what today will bring... GZ

To: Chip McVickar who wrote (50520)	5/21/2013 10:39:30 AM
From: Fintas	Read Replies (1) \| Respond to of 220483

CHIP I had a 1674 as one of my sequences after the 1656. So the question for me would be would it be hit, if so how much higher. I'd look at it in the context of where it's come from 1458 to 1620 and a 1458 with steps up to that 1620. To get to that 1620 to then see if 1786 could occur and while doing so watching very closely as a breakdown of smaller sequences would allow a micro view. And IF it was NOT hit then that would say as it did many others it ran out of gas for now. ALL to say. Did I mention I have been buying PUTS in the SPY. BOUGHT the SQQQ and ??? SMILE Be well.. Let em squeeze the juice ouf that orange and then go for the pulp but as you note when it ends the high will be the high for AWHILE. IMHO Fintas