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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 (55705)11/29/2013 10:09:06 AM
From: robert b furman  Read Replies (1) | Respond to of 221975
 
Good Moring GZ,

The old saying that if you go too far into the apex - the breakout will be weak - wondering if that applies here?

Bob



To: GROUND ZERO™ who wrote (55705)11/29/2013 10:53:16 AM
From: Kirk ©  Read Replies (2) | Respond to of 221975
 
Great chart. I am VERY interested to see how it breaks.

Investor newsletter writer sentiment is about as bullish as I've seen it since I've charted it

If you go to my graph of last weeks data at Investors Intelligence Sentiment vs S&P500

then you can add a new point on the right with the yellow box at a 15 year max just touching 80%
Bulls over bulls plus bears = 79.5%
then extend the red line over 1,800
It "could be different this time" but past history suggest a lump of coal in the santa rally.

Of course, other measures of sentiment are still quite negative which is bullish for us contrarians. It is possible that the public isn't listening to the bullish newsletter writers.



To: GROUND ZERO™ who wrote (55705)11/29/2013 12:19:54 PM
From: humble1  Read Replies (2) | Respond to of 221975
 
GZ: thanks for that chart; it was the right picture at the right time, imho.

spx 1808 was my last price target until 1971 and maybe even 2240. when price jumped above 1808 on the open, after the venus <-> Jupiter (etc.) on 11/28, my decision was made easy. I started buying etf's and selected equities right after the open and filled my stocking to overflowing. I have more to buy on the close with leveraged funds for gifts under the tree.