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Strategies & Market Trends : Humble1 and Swing Trading Friends

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From: Fintas1/29/2011 7:41:41 AM
   of 41508
 
Selling is selling regardless of how it comes. Yet once again as I have said in the past.
Whether it be FA or TA or other, an unexpected event whether it be planes flying into buildings, an attack on a system by use of computers or a riots in the streets of Egypt.

And unknown bad event can change things.

So let's take a look at the bell curve avg. SNZZZZZZZZZ

67.5ish. Down a hair but not dramtic.

However let's see what can happen.

Well the momentum in the near term spx rolled nicely along with that of the nasd and comp. That would suggest if it continues into next week that'll being pulling the 30 wk and 10 wk down. Keeping in mind they are 30 wk and 10 wk time frames and not as reactive.

So we could see at this point the bell curve get to the low 60 area and NO BIGGEE.

That could cause the djia to drop to a range of 11125/11206/ but for now I lean 11442-11368.

I've posted my spx ranges in the past.

Vix could push beyond the 20 to the 23-28. Yet that's a long ways from it's peak.

While here Semi's mo rolled from the 40's and could dip to the 20's. Semis do tend to over react but again no biggee in the big picture.

On an aside I have years of first hand experience in the middle east. The handle FINTAS is a result of such.

I have a hand few of WELL CONNECTED individuals in the region as well as within Egypt.

So this will be interesting to watch from afar than years ago when I was in the thick of it at several different moments in my life.

IF I hear of anything significant I'll pipe in but will lean to the side of silence.
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