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SPDR S&P 500 ETF Message Board

  • piezodude piezodude Mar 21, 2013 4:14 PM Flag

    three year candlestick chart correction size - 125

    20% takes us to 125
    where it probably bounces in a major way, so that they can steal 401K money
    but, it is up higher than when it corrected previously, so it might work its way down to 105 roughly over time
    also, consider the cuts in spending, the fed is cutting wages by 20% for civilian employees
    states are laying off teachers
    this "free" trade thing and entitlement party caught up to Europe (Greece) and is now catching up to us.
    give it time, Sell in May might come early this year
    the only thing that can hold it up is inflation, the change in the money supply
    face it, stocks go up, stocks go down
    stick around too long on the long side and watch your profits evaporate
    am I making any sense?

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210.77+1.44(+0.69%)Jul 29 4:00 PMEDT