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

To: robert b furman who wrote (48435)	4/10/2013 10:35:45 AM
From: Fintas	Read Replies (1) \| Respond to of 220958

HI BOB. I try to look past smoke and mirrors. Re INTC. I've put up numbers both down and up as you know. So Intc is just playing a range. What is important is that as the spx or spxew move up and intc does in same it's pretty much a wash UNLESS INTC were to move up significantly more than SPX or SPXEW. So it's a non event regarding what I monitor. Add to that the bell curve sector is in the 51 area. The near term momo was a bit oversold so bounces can be expected. BUT with that semi at 51 and an overall at 62, a spx at 1570 ish unless SEMIS are going to LEAD the pack as continues I'm not expecting INTC to break for 27 anytime soon. I continue to expect it to try for the 19 simply because I expect semis to come to the 35 area and of course spx to come to the 1400/1300 area. As I stated that takes time. So any bounce here is a non event to me re spx or intc or in fact most longs I hold. I'm watching JDSU bounce nicely today but again it's a bounce unless someone is gonna take them. Possible but doubtful here and now. GE tries to get to 24. BAC tries to get to 14.58 MSFT tries to get to 32. JPM tries to get to 55 Cat is no where near where it dropped. UPS and it has yet to hit it's high of when they came public. It will but when is the question. F is no where near it's high of 18. From where I sit all of the above says if things were really that good they'd all be at highs of 2007. They are NOT! They will be one day. Until though rotation is needed to allow money to leave to fund them. Here and now money continues to chase many ready to roll over. Until it's a zzzzzzzz I'll let others pay too much. Come to think of it when they do I'll be selling the low cost core to them. Here and now I've been writing covered calls where applicable and closing when required. Have a good one Fintas