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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: GROUND ZERO™ who wrote (50499)5/20/2013 5:54:32 PM
From: Fintas  Read Replies (2) of 221579
 
This has been discussed re bull market etc. in the past and in fact I'm one of the first to say a sector and a stock can hang right on a bell curve for a long time. Come to think of it I was twisting arms long ago to get in on many a stock and sector. Why? They were oversold.

Yet I'm also one that knows each sector and every stock has a range.

I identified it with GOLD LONG ago re it's sector being overbought and hanging in the 80-90's for MONTHS. I also identified it also with Apple stock and it's RSI being extended. We have seen the results. It will be no different for the MANY sectors to the right. NOT all will decline. BUT MANY will roll left and those many and the stocks within are going to put a SMILE on this bulls face..

Here and now as I look at the MANY details I do. well er, did I tell you I just bought SQQQ today. HMM seems like a trend going on. PERMA BULL is buying PUTS in the SPY. PERMA BULL is BUYING SQQQ and shhh soon at a store near you PERMA BULL will be buying PUTS in the SPX. With a strike/time/premium to meet the PERMA BULL'S discipline.
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Believe me I LOVE the bull side, but I know when I'm on top of the top step of a 12 foot step ladder.

And unless others are very nimble they best accept every day with every % move up or % or a % move up there are MANY going to roll.

Oh..Just saying. SMILE

Fintas
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