SPDR S&P 500 (SPY)

[Neutral Man]

Buy-Signals, Sell-Signals and da-Boyz, Oh My, LOL!?

We got a NEW SELL-Signal on 20May at the Close and that generated a new negate number, 45.24!

We did NOT get above the YTD R1(45.57), only got to 45.28, so we expect this 45.24/57 level to be resistance for the remainder of this CENTURY!!!

We'll use ANY FREAKEN Attempt at a Bounce to SHORT, SHORT, and SHORT again as we expect the S&P500 to end at ZERO on 21Dec2012, oh boy, sigh....

I guess Warren Buffet is gonna lose a whole lot of money on dem S&P500 derivitives but he should of stuck with what he knew, taking peoples money and promise-ing to help-em if they ever got into trouble, otherwise known as Insurance, sheesh another Giant about to FALL, oh boy, sigh.............



Buy-Signals:

The Buy-Signal from 05Feb, and the five buy-signals that followed, did NOT get negated until 27Apr! Since then we've had three Buy-Signals and ALL three have been negated!

No, Date, Negate #
1) 05Feb, 42.44
2) 11Feb, 43.12
3) 12Feb, 43.21
4) 25Feb, 44.04
5) 22Mar, 47.32
6) 22Apr, 49.68 (Negated 27Apr)
7) 29Apr, 49.60 (Negated 30Apr)
8) 06May, 45.99 (Negated 07May)
9) 12May, 48.01 (Negated 13May)

Sell-Signals:

Every Signal was confirmed and Price NEVER closed below the negate Number, UNTIL, 13Apr, since then EVERY Sell-Signal has been confirmed and NOT negated(except the one on 07May when we got that massive short squeeze), WOW!

NO, Date, Negate #
1) 11Mar, 48.30
2) 12Mar, 48.31
3) 16Mar, 48.50
4) 18Mar, 48.79
5) 22Mar, 48.88
6) 23Mar, 49.22
7) 25Mar, 48.91
8) 29Mar, 49.19 (Negated 13Apr with a close above!)
9) 14Apr, 50.91 (confirmed with an additional Sell-Signal 15Apr)
10)15Apr, 51.13 (confirmed on 16Apr)
11)27Apr, 50.34 (confirmed on 28Apr)
12)30Apr, 50.22 (confirmed on 03May)
13)04May, 49.40 (confirmed 05May)
14)07May, 46.32 (Negated 10May)
15)13May, 48.81 (confirmed 14May)
16)18May, 47.36 (confirmed 19May)
17)20May, 45.24

Last but defintely NOT Least is the OEPM S/R lines of meaning!

53.35 20.00% R8
52.24 17.50% R7
51.13 15.00% R6
50.02 12.50% R5 (Serious resistance as of 30Apr)
48.91 10.00% R4 (violated 04May, look to the R3 for guidance now)
47.79 7.50% R3 (next target of meaning)
46.68 5.00% R2 (currently being used as Support on a close-ing basis)
45.57 2.50% R1 (spent a brief moment here on 06/07May)

44.46 0.00% YTD OE Pivot (Final Discount Wave Target and tagged 06/07May))

43.35 -2.50% S1
42.24 -5.00% S2
41.13 -7.50% S3
40.01 -10.00% S4
38.90 -12.50% S5
37.79 -15.00% S6
36.68 -17.50% S7
35.57 -20.00% S8