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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: Fintas who wrote (4597)	1/8/2011 9:57:09 AM
From: robert b furman	Read Replies (1) of 41062

Hi Fintas, Burnin that midnight oil and yet you remembered to include my fav sector.<smile> THANKS I've been waiting for this roll over. Even though we recovered some of the lost ground by the close,MANY stocks have cascading down Macd's and Stochastics. At this point I usually get in too early. I'm going to wait,as I think this move will finish up the sideways to up move in the SPX ,since the orthodox top on -1/19/2010. I suspect we'll have a negative blend of news including collateralized securities not being able to be foreclosed on based on state law - being extrapolated to all states,which is false thinking. Add in a prewarnings mix of weak compnaies that won't hit their numbers -this shoould last until early February when the real numbers on very successful companies disprove what all the fear mongers have been spewing. As we all have confirmation that the global economy is doing just fine and profits are expanding - so to will multiples. As you so correctly point out - the essence of a bull market is money leaviing already high stocks and going back into lower priced growth stocks. ROTATION is the clue. If we are to hook up with the next wave of leaders,we need to see those stocks that resist this coming general market rollover. Those will be tomorrows big movers on a percentage basis. screencast.com screencast.com Fell apart pretty quick? ise.com Bob

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