Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: humble1 who wrote (9941)	1/17/2013 5:41:03 PM
From: Fintas	Read Replies (1) \| Respond to of 41060

I've been on a buy since spx 810. What will happen if 1486 is hit and held is that the lower numbers become less possible while the longer trends stay in place. So that would rule out a 1270 and maybe the 1296 depending on how high we move. Here and now that spx 1305/1324/1350 looks doable once we decide if 1486/1512/1540 get hit. It would take a 1620 for me to give up on a 1305/1324/1350. And give me one awe chit re some unknown event and the fluidity of it all changes Finally with many indicators continuing to add a point here or there re bell curve sectors and their 7 other indicators although the spx can thrust here I don't see how it continues without some selling in certain sectors. I don't know what the catalyst will be. I just know the numbles are too high for many a sector. On an aside for I rarely mention weekly distribution and etf's. Most of them are also showing RED which means overbought. Many are in the 60-80. Only a couple are in the 25-30 area or under bought. That too suggests a rest is needed. So not to confuse you for I'm BULLISH. But YES a close above 1486 and held makes under 1300 unlikely. Fintas. I'll post an update to bell curve, spx momo's, spx bp later. They have not been updated yet.

To: humble1 who wrote (9941)	1/17/2013 9:43:43 PM
From: Fintas	Read Replies (1) \| Respond to of 41060

I just peeked at the update and I'll make it fast. Bell curve at 59.65 and what I noticed most is the continued shifting of sectors such as housing, building, forrest, to the RIGHT. There are many more but I'm too lazy to list them. But the point what is moving right is NOT your glamour sectors. So while some sectors are seeing some selling many just move to the right to pick up the slack and some will see that as rotation and that is always good but where they are rotating doesn't portend to be very good as we move along in this economy. I mean other than a real estate agent, and a govt or bank who really things HOUSING is on a tear. NOT MOI. But the money is moving into that sector and similar and will gladly do so to the uninformed. Other than that the momo's move up TENTHS. The spx bp dropped a 1 and the software would show it as a bear correction. Meaning the software smells selling is coming. And I continue with we need to empty the glass. IF those glasses were in the 50-60 range I'd say COOL, there's plenty of room to fill up. BUT they are in the 70-80 range and in the world of bell curve that's overbought and requires emptying. Doesn't mean they can't push spx up. Just means the longer they do and into sectors that are questionable the more pain for those holding those equities when the spx does finally to find its bottom after this latest rally. I'd say just my opinion but I've lots of data to support what I am presenting. Fintas DOES NOT mean 1600/1700/1800 is not coming. Or that GE is not going to 27/29 and eventually 40/50/60. Just not this month.