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Strategies & Market Trends : Humble1 and Swing Trading Friends

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From: Fintas	9/27/2010 11:37:33 PM
	Read Replies (2) of 41057

Here's an update re the bell curve. Latest is 50 and a smidge. Number is moving up yet they are spreading out as many shifting left are offset by a staking up. What's it mean. Selling is going on and allowing the distribution. That is helping with the spx/nasd/dow 10/30 week as they are still extended but not sky high. That would support those timers that expect some downside. Yet more and more are turning POSITIVE in their RS. Ex. DRYS is now x positive in it's rs/spxew. Lots of room up before it runs into a wall. Meaning some are seeing the TURN in fundamentals and BUYING. This is happening across the board and THAT is BULLISH. So as I have said and continue to say. BUY THE DIPS.

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