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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (55025)	12/30/2005 10:18:15 PM
From: quote 007	Read Replies (1) \| Respond to of 57110

what i focus on is the fact that when a sector or index gets above the 60% level--which means that 60% of all stocks in that index or sector are on buy signals-- and then turns down-there is a high likelihood that some form of correction is comming--the risk is high--thats not to say that it can't stay high for a long time--conversely when a sector or index is below 30%--meaning only 30% of the socks are on buy signals and it reverses up--there is a better chance for success on the long side--although again--a sector or index can stay low for a long time