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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (15371)	3/12/2011 12:18:46 AM
From: Wayners	Read Replies (2) \| Respond to of 219403

Large cap. Oh shit. I'm not bob.

To: GROUND ZERO™ who wrote (15371)	3/12/2011 9:46:38 PM
From: robert b furman	2 Recommendations Read Replies (1) \| Respond to of 219403

Hi GZ, Sorry to respond so late. If I have this right - we should have finished a forth corrective wave that had an ABC. The C down was a five wave down and finished on friday noonish. The reversal that started around 12:30 may be the start of an up wave 5. Should be a run up to 1350-1375. 5 waves often extend -so could be stronger. Bad part about 5 waves is it is the end of a strong run. Then we should have a big 4 wave down and that will take some time and retrace back quite a lot. Maybe 5 up runs to July/early august. 5 waves are famous for small caps doing well. All the MOMO's that have had strong runs will dip and go sideways keeping late entry speculators teased and in the game. Here's a chart on russell 2000,S&P 400 mid caps,and S&P 500 large caps. stockcharts.com Friday mid caps recovered the best and had a good turnaround. At bottoms of market sell offs - I always look for those that resisted the best or turn into a leading role. My bet is Midcaps lead,then small caps, big industrials like Deere and Cat have already had a big run, if my read is right. Bob