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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 680.59+0.6%Dec 19 4:00 PM EST

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To: GROUND ZERO™ who wrote (5225)6/5/2010 11:38:29 AM
From: robert b furman  Read Replies (1) of 220491
 
Just one more thing before I go to work and deliver a car,<smile>

This is subtle but it looks to the rotational value of tech in the NAZ,

stockcharts.com

Notice the new highs building up since the low on May 24-25,two spike up each getting a bit higher combined with the Macd staying positive - EVEN AFTER FRIDAY'S SHELLACING!!

Here's where I hope it is coming from:

stockcharts.com

Note similar Macd staying positive.

We're seeing a set up of rotation into the stocks that are going to nexploed with earnings next month.

One last positive headline in todays paper.World wide PC sales are up 22.3 % the highest annual percentage growth since records have been kept (2003).

This is not the stuff of global double dips.

The headlines are the stuff of incompetent politicians and fiscal obesity.When it comes to America one must remember our system resets every 2 years.

We are but 5 months away from sending a message about how we like what has been done to our economy by the new "change you can believe in" crowd.

As for me, I think politicians who want those riding on the wagon, to be living as well of as those pulling the wagon, need to get sent home and find a new vocation.

A little tough love is needed IMO

Bob
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