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Strategies & Market Trends : Longer-Term Market Trends

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From: Fintas	11/29/2013 11:54:13 PM
	3 Recommendations of 3209

For those interested in drys some details that may help. After a nice push from the lows to the 4. The RSI indicator and drys pattern turned from 0's to x's. Made a nice move as it should considering what the % was from the low to 4. Heck a 2 to 4 was 100% and was done in months as was the 1.65. So one can see that was one nice push. It's not unusual for a stock to retrace and drys because of it's beta is one volatile stock. So the stock began it's retrace and as it did it turned those x's to o's. Before hand the usual suspects of bash showed up to put fear into those who are not familiar with the FA. So they usual throw some bull crap out there and do the I'm selling. Yet with the agenda to buy lower. So drys pulled back to the 2.70 area. A far cry from the 2 the basher suggested and now we take a look at it again with the RSI in the 0 patter at a .122 and a .125 turns it UP and to x's. That's NOT a big % move from the 2.44. So expect it! Expect the pattern to turn to x's. Yet it gets better As that .125 is hit, then it sets up for a thrust to and PAST .142 to .1826. OK a little math here. From the .125 to that .182 ish is apprx 50% That suggests 6 ish is coming. that number can be seen with a 3.24+1.62=4.86+1.62= 6.48 That is no biggee for the 5.40 to 6.50 can be seen by those who do counts or strings. YET it gets BETTER. Above that ..23./56.. From the .18 to .64 is near 200% OR that 5.40-6.50 turns up another 200% or 16-19. AND it gets better.. The FA for this would be supporting a 3000-4500 bdi for these numbers. I've a 7500-9000 for the BDI in the future and I've also have ORIG at 27-35 price. and that say 1.45 RSI. NOT in a day. NOT in a year but a timeline of 2015-2016. From a .64 RSI to 1.45 is yup 115% With a the use of a 19 x 1.15 and there's the potential Not the peak for if the FA keeps improving it could see higher potential. ME. I know where I'll exit. Just as I knew where I was willing to keep buying to get the full position.. The rest is IGNORING THE NOISE and not concerning oneself with the day to day movement or any one day as THE DAY. It has to hit this number by this DAY or I'm going the other way. Nah.. It's coming Whether it's Dec/Jan14/March. This investor will sit and watch many sell too soon and miss the major move not of 10-25 % but 100's of % . IMO Fintas

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