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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: humble1 who wrote (4229)	11/13/2010 4:29:22 AM
From: Fintas	Respond to of 41136

Re Csco and since I've been fortunate to do 8 times on a csco call leap in the past, I understand Csco. It will be a while before ol Csco offers me that type of opportunity. The reason is simple. Csco is NOT the gorilla it once was. And my work says any bounce will result in it's going lower. As for ms market and my recent projections. Spx 30 week Mo which was 92 has rolled but remains in the high 70's. The 10 week which was 84 has rolled and is in the high 70's. The basic mo which was in the 60's has rolled into the high 40's. ALL of them are GOING LOWER. For that to occur SELLING is needed. The spx BP which was astronomic has YET to roll. You can bet as the momentum sectors roll so too will that BP SPX SECTOR. I remain COMFORTABLE that my suggestions to the downside are very possible. WHY? Look at the selling that has just occurred in the spx and we have hardly touched the downside on those momentums. That means those momentums have lower to go and as they do so too will mother spx follow. So for those looking at gaps up, look lower. Bottom line be careful of bounces until we wash out. After such then we go after Spx 1324.

To: humble1 who wrote (4229)	11/15/2010 9:29:04 AM
From: bearshark	Read Replies (1) \| Respond to of 41136

I just can't buy this market and am still above 45 percent cash and could go over 50 percent today. I didn't want to see an ISLN type deal today because it just pumps up things that interest me. I might chase some quarters and dimes today. I like CSCO and Chambers. I hated it at $80 in the 1990s, loved it at $8 a few years later. I remember EPS was near $.50 a share and it was $8 pps or so. It went to $29 in less that 2 years and I think even $40 before it went back to sleep. IBM is another one. Its nearly a double. stockcharts.com Time to watch.