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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 (48224)	4/3/2013 10:14:32 PM
From: Fintas	Respond to of 220775

With non precious metals sector in the 30's there's lots of room to go lower and as it does taking copper with it.. While I'm here INSURANCE broke out to the final column of 88 to 100. ALL by itself. I think I'll begin buying the insurers. NOT! SMILE And the sector avg dropped a whopping .8 from the 64.4 to the 63.6 ish. WOW...WICKED SELL OFF. NOT!!! As I said a bit ago I'm expecting a 45 for that sector avg and way back when as I put that number up there were NOT as many that were extended. So when they took it down to the 1340 ish in Nov or Dec 2012 it would have been better to keep on keeping. Why that 45 would have already been hit instead of it going to be hit and eat up time as this plays out.BUT NOOOOOOO....All the fund managers and similar decide they want to keep on pumping to simply ensure the soon to be seen selling will hit that 45 avg. . As that happens that means more will go down more than expected. That wittle detail is causing me to revisit many an equity to see if I need to adjust ranges lower. Jdsu being one. ALL to say if you are a buyer of equities, take a breath before you simply step in to avoid becoming a victim to the mirage of a bargain. Ex many THOUGHT apple 575 down from 707 was a strong buy. NOPE it was a mirage. APPLE at 385 is a nice place to nibble. But 245 is a great entry. ALL IMHO Fintas