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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 (52858)	7/13/2013 9:22:37 PM
From: Fintas	Read Replies (1) \| Respond to of 219036

I find it curious you think I talk a BEAR game. I see it as I'm a LONG that can deal with retracements. The objective would say there have been many from 667 ish to 1680.. Just because one can see them and play them doesn't make them a BEAR. I just cashed in on a bunch of covered calls. Did that make me a bear or someone that understood the equity was extended. I also cashed in on that PULL back to spx 1560 with a SPY PUT. Ho HUM. Doesn't make me a bear. Just someone that could see the retrace. The reason I don't sell core is I'm a LONG. I have upside targets in all core that are much higher than they are today. I don't sell until the target is hit, or there is a valid reason to do so. Here and now I'm apt to RAISE my targets not lower them. That doesn't mean I don't see a BAC pulling back to 11.34 in the future before ti makes it's way to 35. While seeing such implementing a strategy to exploit. Nor does it mean I don't see a way to exploit the expected pull back of an INTC to buy a call. I have to say this and in all sincerity. I think many are constrained by their own views and definitions. . As for GOLD. Again I'm perplexed. I have presented the reasons. The same methodology that was used when I sent you a PM that explained why I expected GOLD 1220 after the 1335 low. As we know there was a BOUNCE that FAILED and 1220 was hit. Here and now I've explained what I see re the PM sector as well as supporting it with my strings and sector work.. I'm as comfortable as a new low coming true as I was with APPLE coming down to 448 and then lower. That doesn't mean I don't and didn't see a bounce. HELL I presented it before the low was put in. HOW did I do that. If one has ever scheduled a shut down and a turn around they would relate. The discipline is not much different that YOUR model. I don't argue with it. I just follow it. The difference is I don't ask YOU to provide me with any more than what you present. You say you follow your model and I accept. I follow my work. It's as subjective to me as your model is to you. Now let's have a nice weekend. Before we know it July, Aug will have passed and then we can get to the meat of Econ 101. Fintas