SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Humble1 and Swing Trading Friends
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Z-M-L who wrote (6252)8/20/2011 9:51:00 PM
From: Fintas   of 41057
 
That would work with my spx 1078-1054. So the sooner they do such the better I'll like it. SMILE

I'll enjoy seeing whatever plays out for when I look at the many pictures I do I see pattern after patter that is similar to the lows of 3/2009 yet we are well above the lows of spx all the way to 1008.

Now picture this. MOST sectors have rolled down significantly on their BP. BUT also on their RS patterns and stocks turning down in their RS.

NOW see it this way. It's almost as if they have done a RESET but at much lower levels from which to lift not just the BP sectors higher but driven as equities in each sector turn UP in their relative strength and thus providing lots of room to run.

EX. DRYS which has been getting the poop kicked out of it JUST turned UP in it's RS pattern. BUT not just for it's pattern for the spx, but also spxew, and peer.

Soon that will be seen for many equities whether it be the intc, bac etc etc.

As they turn UP so to will the sector rs turn up and the related patterns and thus allowing to drive the sector bp up. As an example that same drys sits in the transport non air and at 8. Long ways from 47. Or the OIL service sitting at 12 and a lONG ways from 78. Semi's and 10 ish with it's momo in the 5's.

So not to bore many but if you can SEE the micro in the macro then it should help when looking at TA work to give a feel for what is possible or not possible to the down.

Meaning some say 2000 DOW. NOT unless there is some huge bad event. Dow would be lucky to get under 10k let alone 9782.

Ok just the view of an OLD MAN. And again I'm with you on your possibility!!!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News