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

To: GROUND ZERO™ who wrote (45406)	2/6/2013 9:17:06 AM
From: Fintas	1 Recommendation Respond to of 220922

I see your data and as I look at it I'm reminded of times in the past where the vix stayed low and in fact went on to new lows. I've a 8-10 for the Vix. So I understand that can happen but I don't think it happens here and now. The data I look at re spx momo shows money is leaving. So as I presented strings up long ago none of these numbers are a surprise. No more than I'll be surprised when I see a BAC take out a 19. The work already supports it. Yet at that time I will also say re BAC. AND THEN? I'll say it because just because a milestone is hit doesn't mean one keeps on keeping. Often there is a pause to allow for other things to be done before things can continue. Spx. It is topping. It will roll, it will find it's bottom to lift again. As it happens many sectors will roll, many stocks will pull back. Whether this near term top ends 2 points higher or 50 will be learned. What I focus on is the AND THEN. I'm looking at what will happen to the stocks within. Which ones will roll deep and which ones will roll to support. If some are looking close I suggested the builders were soon to roll.They have. Take a look at PHM. Housing, forrest, builders, real estate are ALL to the far right on the bell curve. IMHO that will soon change. I continue with that when we roll it will be for a longer period of time than many are expecting and that will allow the spx to return to the 1300's. That's my view and I'm sticking with it until I see data that says otherwise.. Until zzzzzzz and I wait just as I do for GE to break 24.30 to head to 29.12 and a big zzzzzz. OH on the flip side ELECTRIC UTILITIES and GAS UTILITIES have been moving to the far right. Fintas