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

To: Harmens who wrote (48385)	4/9/2013 10:38:16 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 220958

I'm certainly happy to see all the metals rally this morning, but is there any fundamental news to make this rally? TIA GZ

To: Harmens who wrote (48385)	4/9/2013 11:02:10 AM
From: Fintas	Read Replies (1) \| Respond to of 220958

I'd say we are both old enough and have been looking at markets for a LONG TIME. At least I have. That would include watching the tape and living thru a period of where we were not so tied to the world to now being very tied to the world. So saying that as I look OBJECTIVELY at a chart of the spx for 1/2/3 year timelines it's clear to me it's not IF but when we roll. The only question is how from what point up and then how deep. A handful of sectors just shifted left re the bell curve I monitor. They are still beyond 50 but they are shifting left. That says to me inspite of what the spx number is saying more and more sectors are seeing profit taking. That supports my not IF but when. Re GOLD. Just glanced at some sectors and there's a bounce in there. Yet I never confuse a bounce with a trend. Fintas