Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Nov 5 4:00 PM EST

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To: GROUND ZERO™ who wrote (5703)	6/11/2010 7:23:29 PM
From: robert b furman	2 Recommendations Read Replies (2) of 218495

Hi GZ, here's a pleasant little recap that should be a pleasure for the bulls to enjoy over the weekend: Small caps have reversed the downtrend: stockcharts.com one more nice white candle and we have very close to a three white soldiers candle stick pattern. candlesticker.com Mid caps - did I say three white soldiers -I'll match you and raise you one! Mid caps look really explosive! stockcharts.com Nazdaq advance declines did reverse and now we want to see them oscillate, but stay positive and build us a rally: stockcharts.com Nazdaq new highs have also reversed and now we want to see them climb up to the 400 level and rotate into some new sectors: stockcharts.com As the Dollar has benefitted ,not from fundamentals, but rather by being better than the rest - American banks are poised for some breakout leadership.Many think the banks must lead if our bull is to have legs.Banks have easy comps to beat.To beat they just have to declare the income they've been knocking down - BUT not reserve to loan loss reserves. If that happens we've got a tiger by the tail. stockcharts.com Semi's have been knocked around but mid quarter reports from # 2 biggest chip maker TXN says all systems go this week, and bumped up the low end of guidance as National Semi beat and also guided higher: stockcharts.com There are some monster big cap techs that are perched for a blast off - even stodgy Micrsoft had a heck of a day: stockcharts.com and Csco: stockcharts.com and intel: stockcharts.com All of the above are compressed like springs ready to launch. If good earnings rewards the underlying stock with price appreciation, we've got one heck of a bull reversal about to leave the station - if the market rewards earnings with price appreciation. Here's one that got the reward just this week: stockcharts.com I'd say if you are short - get long and If you are long - get more! Have great weekend Bob

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