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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: humble1 who wrote (13197)2/2/2014 4:08:38 PM
From: robert b furman  Read Replies (2) of 41137
 
Hi H1,

When that Macd hits the lower line - I get excited

When the moving average of the macd is imminently about to overlat on Macd you can almost make a trad hold your breath.

Now if it is a bounce or a serious reversal is still a bit of a question.

The numbers of days that this ABC has taken make me thinl/lean that this corrective is over.

What hasn't happened is the down has not been down enough.

Perhaps the uncomfortable truth that 79 % of the companies reporting earnings have beat - that's a record.

Some will poo poo the estimates and there are a lot of sandbaggers out there.

The channel is lean,rates are low and earnigns are growing.

Makes me think this is all there is just a small corrective ABC and time is running out as good earnings are coming in big time.

It's not new low super value buy - but I think it is a time to be aggressive.

I'm 1/3 done doubling down on selling puts and the prices I've sold puts at make me excited about either one of the two alternatives.

Next week is going to be a great week !!!

Bob
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