Quote from Buy1Sell2:
For anyone reading, I should clarify my prediction of the 1350.50 test. I am looking at the 4 hour chart (240) which is not an intraday type of chart. I believe that Spike gets flat each day, but I am not sure. What this means is that he may be right by shorting here and I may be right by holding. It's all a matter of time frame perspective. For example, if I was using monthly charts and bought in the 800's several years ago and held until now, I would be right, but at different times through those years, it would have appeared I was wrong. In any event, if the 240 closes above it's 20 MA in 32 minutes, I would say that the 1350.50 test would occur at some point soon.