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

To: yard_man who wrote (50614)	5/22/2013 1:02:18 PM
From: Fintas	Read Replies (1) \| Respond to of 219619

What I see playing out will be the first drop to fill that gap up in the spx 1598 area and likewise with the SPY. Many have called it a runaway gap but I am very confident it will be filled. That will be the first milestone I'll watch. Then I'll expect a bounce of sorts to be met with more down to then work it's way to the 1548/1512. As for mining, I'm seeing some stability there but it's still a bit soon if they want to retry for previous lows and then go deeper. I'm more focussed on GE here and now as I"ve been waiting for it to hit the 24.30 and then the 29.12 above it. First to see if that 24.30 gets hit and then.....will it be 25.92..the 2700 THE to fail and then retrace. And one day up again to take out the 29.12 which is where it fell from 9 2008.. Above that where it collapsed from the earnings miss. Have a good one. Fintas