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

To: yard_man who wrote (25458)10/6/2011 11:52:51 AM
From: Lazarus  Read Replies (1) | Respond to of 222173
 
cautiously picked up a little FAZ @ 60.28 as we bump up against the 20 DMA....

just sold my FAS



To: yard_man who wrote (25458)10/6/2011 11:56:17 AM
From: Gary105  Read Replies (1) | Respond to of 222173
 
We could go to 1190 and still be bearish from a P&F perspective so I think the rally runs a few days at least. Then the question is whether we cycle down again (as we have) or whether we continue going up turning bullish. The longer term fundamentals point down. On a shorter term, the economy is still growing mildly and the street might use it as an opportunity to fool the masses and stage a healthy rally


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