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SPDR S&P 500 Message Board

  • picker.bottom picker.bottom Feb 1, 2013 2:12 PM Flag

    Calling a Short term TOP here...

    The is way over done and even the strongest BULL market will pull back at least 3%-5%.
    Poised for a pull back to 1465-1475 level.

    Feb. is traditionally weak month for equities. I expect the pull back to occur next week and today's close might be lower than the HOD

    Financials have topped for now. They will move XLF back to $17 by Mid. Feb (For option expiry)
    Best short would be STT a this point.

    Watch AAPL/AMZN receiving no love on such an up day. QQQ did not set a new high today.

    All things point to correction in the next 2 weeks.

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