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

To: Keith Feral who wrote (40446)	11/15/2012 12:54:22 AM
From: Fintas	Read Replies (2) \| Respond to of 222647

OK I've a bell curve at 48 ish. And I see it heading to 37-42 ish before we bottom. Now that doesn't mean it can not bounce first to the 52-55. Nor does it mean it can not go lower than 37. After all it rose from 3 so at 48 that's a heck of a move up from the bottom. But also a long ways down from the 69 ish. I'm seeing to the extreme re selling and again keeping it in perspective. A 27 may seem extreme from the mid point of a 50 but historically 27 isn't 3. Yet for this purpose: gaming, semi's, biomed, metals, electronic, transports are to the far left and suggest oversold. JUST keep in mind sometimes they are to the left because they deserve to be. Now sectors to the RIGHT of the 50 that can roll left. To the far right is SAVINGS. Anything to the FAR right on a bell curve is VULNERABLE. HOUSING and Real Estate were just in the 70's and now they are in the low 60's. Those that understand the details understood housing and real estate were going to roll. Now they have but more is coming. Savings will soon follow. then we see Builders, banks, insurers, elect utility, forrest, chemical, wall street, housing, auto, protection equip, retail, food, leisure, real estate, finance. These are vulnerable to SELLING. Meaning they at 50 to mid 60's. Expect them to roll LEFT. There are about ten that could go either way. With a bounce they could see some buying but with selling they could roll left. internet, computers are just two. Bottom line for those who are BULLISH. AND I AM ONE. It's ok to be a perma bull. I AM. BUT if one doesn't understand the details one will be holding an equity that goes down and one doesn't have a clue. I'm all for holding during a pullback when it's ok. But to be blind will cause one to be holding a NETFLIX from 245 to 55 saying what the heck. And one maybe chanting to the moon alice and 1600 is coming but ignoring the details that are screaming. YES 1600 is coming but 1300 will be revisited. And it has. Forget the this or that. 1300 was OBVIOUS for any who understand the % moves UP in many sectors and equities. Ignoring those % moves up caused many to miss this pullback and miss it BADLY! Hope it helps. Fintas