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

To: NOW who wrote (46517)2/20/2013 8:57:55 PM
From: Vendit™  Read Replies (3) | Respond to of 218820
 
In gauging a stock technically you are simply using indicators to look back historically (indicator's moves vs. stock price action that follows) to figure out the direction and of momentum and approximately where the top and bottom is or is likely to occur.

See the chart below of the $SPX which will led the way.

So the FED funds better come in tomorrow or this is the beginning of a larger and longer term adjustment down.

V




To: NOW who wrote (46517)2/20/2013 9:38:33 PM
From: Lazarus3 Recommendations  Read Replies (2) | Respond to of 218820
 
It could, but I suspect we are heading into a correction.

I notice that when we correct the news media usually jumps in and HELPS us to see all the negative things in the economy that we ignore.

The turning point usually comes when DRUDGE has some wild-ass apocalyptic headline across the front page.


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