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Message: Market activity

Thank you for your comments Old Joe.

 

I always enjoy your perspective.

 

Maybe there is a large block of stock overhanging the market. I believe that the SP is very near in time to moving to higher levels so all this might not mean much but it's still fun watching the players trade with each other.

 

Probe looks to me as getting very close to completing a rounding bottom chart formation. The formation with a neckline at about .98 or so could easily support much higher prices. Once the SP clears 1.00, meaningfully, it will be out of the chute and on the run. IMHO

 

 

 

 

 

 

 

 

 

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