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

To: robert b furman who wrote (4594)	1/7/2011 4:21:46 PM
From: Z-M-L	Read Replies (3) \| Respond to of 41064

SPX finished a small FLAT correction over the last 4/5 trading days. Should pop up to 1288/1292 next week.

To: robert b furman who wrote (4594)	1/8/2011 4:48:03 AM
From: Fintas	Read Replies (1) \| Respond to of 41064

Not saying we can not go abit higher but the spxew is rolling NOW. So any last ditch thrust could reverse it a hair but we are coming down in that spxew and at this moment the bell curve avg is 65.2 Very toppy. Many sectors also have begun to roll. And apprx 18 sectors can see rotation. Especially the ones mentioned in the past. Banks, Savings, Drugs, Biomeds, Protection equip, with others such as SEMI's capable of more upside but even if a bit of weakness that simp;y FUELS that move from the 62 area to 75 and above. So it could dip into the 55 area and that would just be the time to add or go from here if many leave the apprx 40 sectors that are extreme. I'd list them but it's 1:46 AM here and i'm too pooped to type them. Yet they have NOT changed too much since the last time I listed them. So if you jotted them down or saved the post you'll have that extended group. Re what you presented Bob. Yes a bit of rest is needed. The mistake most will be making is that the decisions have been made as to who survived and didn't survive re banks/savings, financial. And a pound of flesh is going to be exacted upon those who are not favored as we are about to see buy ins for not days but over a long term time frame. THAT is how we will chug along to take out the previous highs or the spx and djia. Those who missed Byron Wien and his call for 1500 spx this year should take heart. Along with Crude to 115. I'm in the 110 camp. Hope it helps with the decision process.