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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: Fintas1/21/2011 12:03:34 AM
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So think about this. Bell curve avg dropped a point to 68.7 ish. No biggee.

Yet consider this.

Aero/Auto/machinery/steel/forrest/gas utilities are in the 80-86. Remember when there was just ONE lonely wittle petunia? Somewhere in this group is a sell.

And here's something else to think about.

BIO MEDS/PRECiOUS METALS/Protection equip in the 56 range. REMEMBER when PRECIOUS METALS were MUCH HIGHER as in over 70 and now 56. Can we say SELLING is going on. Probably the rare earth equities?

And PROTECTION is UP from the low 40's and at the 56 or BUYING. Now who the heck is in this sector. Just kidding.

And for you Bob. Semis at 66 with some room to roll down as the near term mo is rolling but what I noticed this day is the relative strength patterns are setting up to turn over r and with the near term mo rolling and the 10 week starting it's roll and the 30 going to happen that would say chances are Sox 500 needs a bit more time. Yet it will occur and my bet would be this year.

Of course all realize I haven't a clue re HOW MUCH TIME. I just now it takes some time to work thru the numbers.

As for SPX. I continue to see the 1240 and a bit lower. I continue to think we can fill it and bounce and then drop lower to the 1188-1206 ish.

Point being that I continue to look and look from all kinds of angles. I can see the bell curve needs to correct in many sectors yet I just don't see collapse. And that says to me those short better have the skill level or get gored. Bulls can stay elevated for a long time while rotation happens. OR we can stay to the right of 50 for a LONG TIME.

Finally BANKS/SAVINGS/DRUGs are at 48-52. Long ways to go before they get to excess.

OH and anyone want to throw up a chart for drys that considers TIME. I have my targets but I'm trying to tweak time lines. TIA
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