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Strategies & Market Trends : Longer-Term Market Trends
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toccodolce
To: golfer72 who wrote (2583)11/24/2013 1:30:33 PM
From: Fintas1 Recommendation   of 3209
 
Golfer just some random thoughts;

OK if I held that at 16 and I knew it was x's up in it's RSI and some nice potential LONG TERM (keeping in mind RSI patterns do go up and down. That is why I run strings and %). As a LONG who can hold 3-5 years. I'd be saying hmmm 16 to 42..16 to 48 16 to 54...The RSI numbers do support such.

So I can see that long term.. I can see the pullback..

Ge is an ex. I have used pullbacks to take calls or as in a DRYS size in. I've stated I will size in when beneficial. Keeping in mind I've a very good handle of FA. The danger going forward is many will buy a CHEAPER stock on a pull back so they can get more. As they do they will not understand there's a reason the stock is cheaper. it's FA stinks and they could go bye bye. So those who buy on this dip coming in spx should be careful to not take the AMD as many did in the past or the Lucent, and as we are seeing NOK, RIM, DELL.

IF you believe in CLF FA. I'd wait to see the pullback. Then take it..UNLESS there isn't another that looks better.

That's what I'm doing now. Watching and waiting for the next one to exploit for a CALL LEAP or equity entry.

While doing so YUP..I've anticipated the down and have a range of numbers and range of time.

Fintas
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