Staying long!

Quote of the week- “Sometimes, when it’s too obvious, it’s obviously wrong.”

I like that and have stayed long looking for 2100 Spx some time this week 15^th or 16^th

would suit me. I had this week picked out weeks ago as a high but let us see what it takes to get over bought. This is opex expiry week and a good place for a high.

Next after this week we will be looking out for the start of a decline and I think they could be much faster than we are used too.

Jon Murphy had a letter out this week with his Elliot Wave count, basically looking for a wave 4 pull back and then wave 5 higher.

My Advance GeT has us in a finished wave 5 and now in ABC corrections.

This is important: We are at the 125 sma line. I don’t think it will be resistance but if it is, back on Oct 15^th 2014 we dropped 6.56%  and if we do it again then the target would be Spx 1950.

If 2040 falls then I had 1970-80 so 1950  would be in range. I don’t expect that to happen yet.

Jerry      Timingshortterm @ yahoo groups

Not investment advice……………………………………………………………………..!