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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 (57827)	3/7/2014 8:25:14 AM
From: Fintas	1 Recommendation Recommended By Mevis Read Replies (1) \| Respond to of 223352

Good ex. I continue to say where's the support? Is there support and is it real? I will add to that is back in 1987 on Black Monday there were so many that had built areas of support for years that as the selling accelerated on that day, the areas of support were cut threw like butter. IBM always comes to mind for they'd hit the area, once, twice and down thru to the next area, once, twice and thru. Yup they cut right thru years or support for some price levels. Here we are moving from 1266 in June 2012 to 1880 with an area at the 1266, 1305, 1343 and in 2013 the spx was at 1405.. From there it's been pretty much up with little pullback.. So where's the support? My background understands the need for support. If it's not real it can not hold either under weight or duress. We can all see the areas where we HOPE there will be support. BUT HOPE and IS are separate. 1728/1674/1620 are coming... So too the rallies that come with bounces but in the end.. REAL support is in the 1400 area.. And let's keep it real. The spx was 1557 just last June 2013.. Getting there will not be that hard nor will it take that long. I'm going to stand off to the side lines and let others try to catch that ball on the way down...Right now there's someone's using some compressed air to push it higher. Yet even so at some point the height is too difficult to sustain/ So 1880/1890/1907.. And then we will begin to see where the real support is. It's not at 1836/1747. That was a hustle. IMO Fintas

To: GROUND ZERO™ who wrote (57827)	3/7/2014 8:58:21 AM
From: fred woodall	2 Recommendations Recommended By Fintas GROUND ZERO™ Read Replies (1) \| Respond to of 223352

Buttons being pushed and machines trading in and out. SP could rally 200 pts. in one day and none of us would be the wiser. Besides it is in the best interest of national security this market continues moving up so we can ignore the fact this country is being dismantled and the clown buck is dropping off a cliff, compliments of the anti-American Federal Reserve and a government so corrupted it baffles the mind. Barely a whisper to be heard out there. Long as trading accounts are bulging nothing to worry about.

To: GROUND ZERO™ who wrote (57827)	3/7/2014 10:13:28 AM
From: Lazarus	Read Replies (1) \| Respond to of 223352

That could be. I'm still sitting on my hands I'm either early, or I hit it right on.... but often when I hit it right on I get shaken out. For example --- taking TNA at $62.01 awhile back. Then selling for peanuts. I've done the opposite too.... holding too long and not selling when I should have and leaving oodles of bucks on the table. After 15 years of doing this I can't tell you whether my still being in the game is due to brains or luck. I used to think I was pretty smart. Lately I've been thinking I'm just a lucky man.