Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: GROUND ZERO™ who wrote (46452)	2/20/2013 1:17:04 PM
From: Fintas	1 Recommendation Read Replies (2) of 218674

What is NOT obvious unless one is looking at the data point is that MS SPX near term MOMO fell from it's lofty area of 70's to the 50's. YET hmmm ms market has gone on to touch that 1530. SOMETHING fishy going on. Oh that's right a stock can hit a new high on 100 shares. Doesn't mean there's a gazillion buying. Just as a stock can hit a low on 100 shares. Doesn't mean they are all selling. BUT if MS NEAR TERM MOMO is and has been falling then ol MS 10 week and 30 week will follow. So since so many of my fellow bulls want or are COERCED into buying. Then it's possible ms near term momo spx could push up a bit. But alas as the fram commercial used to say sooner or later they are going to get ya. And the long awaited profit taking will begin. BUT.. Don't let me sway anyone. Please keep buying my core. TIA Fintas

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