Replies to post #18846 on The New CS Board

[bluechip231]

There is not anything wrong with the trend at present. SPY can still go down to 195-196 and still won't change the picture. Under that range and I will change that POV.

There is no real volatility in here either. (Volatility to me, would suggest a top)

I indicated a horizontal trendline where this market broke out. I also highlighted the semis and the financials. I would say semis tend to lead the market up and lead the market down, right now there are actually outperforming.

The financials are underperforming, but still in trend. Thank-you for your points of view. I do take everyone's in and mix them with my own.

I prefer to hold individuals myself. I find I can read them better. There are many gears going in the general index at once.

[getmenews]

GDL: Alias Born 12/18/2012 08:53:11 PM

From a wave perspective; what is the next number? you said we reached wave 3, but then claim 1965 is the low to new highs.

GDL, it can not be both ways, but I have provided the clue in your ALias Born

Alias Born
12=3+1=4+8=12+2=14+2012=2026+8=2032+53=2085+11=2096/3= the last low of 698

-b

[ahimsak]

I agree somewhat, although at this point in the cycle anything can disrupt the trend.

When the fed raises rates it help financial stocks for awahile. Look at 2006.

I see 1960 as pretty strong support, although as always the spx could drop a bit below that level before rallying, enough to scare off the weak hands.

BTW, the patter, as insane as it is to say, could suggest a rally into next spring, to end this bull market. although am a super bear, I dont see the final top in yet, as in any correcton this fall should be less than 20% and pretty sure will only be 10%.

Nice to see new posters, thanks