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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 (31552)5/3/2012 8:38:02 AM
From: robert b furman  Read Replies (2) | Respond to of 218840
 
Good morning GZ,

Note the previous long wave up :

One day up then 2-3 sideways consolidating the rise.This is very healthy.

Also note the positive Macd - staying that way:

stockcharts.com

I think the "sell in May" bunch will be standing on the train station and not on board the train this year.

Its always the best when the fewest are on - leaves them to do the bid chasing later.

Bob



To: GROUND ZERO™ who wrote (31552)5/3/2012 9:47:34 AM
From: Gary105  Read Replies (2) | Respond to of 218840
 
But wouldnt QE3 be a subsequent step after the market digests the job numbers. I added SDS this AM in anticipation of bad job report tomorrow. If so I think the immediate reaction will be down, much more than yesterday. BWDIK


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