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Those SPX Highs are gonna be tested (part 2)


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#51 SemiBizz

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Posted 28 March 2013 - 03:17 PM

So, we had STRONGER VOLUME today, not weaker...

Closed at the high...

Can't touch it yet...

Futures closing with a woody too here.

We gonna live in INTERESTING Times next week...


Posted ImagePosted Image

I gonna get a leeetle rope and tie this big baddasss anvil to our feathered flying friend here...

:lol:
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Volume is the only vote that matters... the ultimate sentiment poll.

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#52 zoropb

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Posted 28 March 2013 - 03:52 PM

We opened higher targets on this run from 29.50. Also Opened in very large time frame in months to year we opened a lot higher. Got to save those for the members.
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#53 SemiBizz

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Posted 28 March 2013 - 03:56 PM

Well.. there is the leetle matter of the closing tick... +662.00 Long time until Monday... B)
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/tradingcoach1

#54 thespookyone

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Posted 28 March 2013 - 11:43 PM

Eventually those highs are going to be tested and blown through to the upside.

After that, there will be no overhead resistance.

And the economy will soon embark on the greatest boom in recent history, thanks to a 1.86% 10-yr. yields, low commodity prices, and an accomodating and masterful fed.

We should all be happy since the markets are now telling us of a glorious period of prosperity lies right in front of us.


AGREED :)

#55 salsabob

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Posted 29 March 2013 - 12:17 AM

Hilarious how certain Fed haters like Marc Faber and Jim Rogers are screaming and yelling telling people to get money out.

Yet today investors are voting with their feet and buying more U.S. retail and airline stocks, piling into U.S. Treasuries, and gold is getting dumped.

You would think bank stocks would be imploding, gold would be up $75 in two days, and stocks would be slumping as trust erodes.

But the sheep are more emboldened than ever, due to the sheer brazen confidence of guys like Bernanke, Draghi, and Uncle Abe.


I use to feel a little guilty about so often taking money off of Marc, Jim along with Bill P and Peter S., etc. But then when you see them on TV losing so many others' money with their prognosis, one doesn't feel so bad about it - it can even bring a smile.
John Galt shrugged, outsourced to Red China and opened a hedge fund for unregulated securitized credit derivatives.

If the world didn't suck, wouldn't we all just fly off?