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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: Fintas9/6/2011 11:53:37 AM
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Tried posting this over the weekend but alas I was having log in issues. OH well.

But there is some good stuff going on that most will not see unless they go deeper than the obvious up or down.

First as posted before the bell curve avg for the spx near term momentum which dropped to the .41 well, as I had suggested I was looking for that glass to be filled. Well YUP, they put some water in it all the way to 45. FROM .41. HMMM that helps to keep things in perspective re money out and money in. Again .41 to a 45.

As that happened one could see similar in many other momentums.. However what stood out was that some NEAR term selling was due. Friday and today i.e Tuesday is giving us that.

How deep?

I'm not looking for any retest of that .41 near term momentum of the spx. But a pullback towards the 25 would seem reasonable. That could happen this week and once that is done then yup put some of that water back in that glass.

So the SPX downside. Well all here can see the support and resistance.

I just wouldn't think TOO deep on the support.

One piece of GOOD news will catch them all trampling over each other.

I'll present some updates re spx momentums later this eve or tomorrow am but if one is long.

Don't fret for the selling was needed to give some an opportunity to take some profits but also to now allow those who missed that turn previously to get in.

ME? I just add when I see bargains. I LOVE EM.

Have a good day.
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