4 replies to this topic

[mss]

Well last week we were calling for 1245-55, and here we are. Most think there should be a small pullback and this is possible for sure, but not a given. I see nothing that "demands" we pullback and at the present it appears we will proceed upward in the following steps of resistance. With the holiday coming up timing is difficult but it appears that 1256+/-,1265+/-, and 1273+/- are the steps. Others have also made note of the 1265-75 area as being a magnet for price before this run is over.







Comments welcome,
mss

[CLK]

MSS,

If the stairstep action continues, then we got another big 2 day push out of the sideways consolidation, which "should"
start another consolidation Monday.
I expect no more than a test of the breakout line or 8ema.
We are now entering a volume void per the PBV bars, so anything can happen,
but I would think a major short covering spike could come at any time as shorts
realize the breakout is for real.
I'm looking to put longs back out on a dip, and then hope
I can just leave them alone as dips seem not worth trying to trade.


Best,

CLK




http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$spx,uu[p,a]daclyiay[dc][pc8!c26!i!c34!d10,2!f][vc60][ilb5!la5,34,5!lg!lf!ld10][j63164565,y]&r=3843.png

[samsung]

I was just looking back at last years rally which moved about 127 points add that too this years Oct. lows and that "could" possibly put us at 1295/1300 year end . Just a good thought,,,, all the best mss...........

[mss]

POSTING FOR BOBALOU

>my bs ,I T,you should not short this,and I ? how to
play,being at the top of the high trading
range.but,I'm in some stocks w/ stops...11 /16 ,from
that vhf,,could be all the pull back we get, the
shorts are on the run, I see some small (2 ? )short
pull backs ,need fast fingers in here S T,12/2 high
still O K ?.some train ride.I'm flat,and safe,but
playing some stocks I can use stops w/.

[bobalou]

In looking at the vhf..12/1or2 S T high .I think 42 ish, on the qqqq.this works, w/ time to work off the mojo,,then a pull back into 12 16 quad witch. I ??,, to fill some gapsabout 39.8.and play w/ the 50 day ema,,,I noted fast fingers ,because the vol. should fall off, in this time fram,and in making highs,top pickers,and pushing it around not to tuff.the train ride turn into a jet.