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

To: quote 007 who wrote (49522)	5/1/2013 3:44:12 PM
From: Fintas	Respond to of 221951

Thanks for the input. It appears you are familiar with Dorsey. If so then you will also know you can make comparisons from previous periods to see where a sector lined up. I do that often to compare where the sectors were at 1440 or 1260 or 1134 to where they are NOW to see movement and positional changes. Or do it by hand just in case the software disappears. Since you mentioned PM then you should also know it bottomed recently in the 6.8 area. Now it's in the 8's and other data points will allow one to see how those patterns are playing out. It's NOT uncommon for a healthy bounce off a bottom but even bounces run into resistance. It will be interesting to see how the momentums play out as that occurs and what effect that has on other precious metals indicators. I've found things take a bit longer to play out and why one should not be so quick to jump in as an INVESTOR. Traders can do their thing.. On the flip side things can stay UP longer than expected or due to reasons beyond FA. You are correct re Insurance. Considering the extremes the insurers have seen since 2008 it's not surprising that they are benefitting rom the positives. The questions would be are they deserved. If so then they will stay up a bit longer until the majority of patterns become so saturated with new highs it causes the profit taking to kick in. However not far below the insurers are some sectors that have me saying REALLY? Which says to me it's only WHEN FA kicks in and why Byron Wien continues to maintain his view a signficant sell off will occur. The question for all is let's define significant. For some that would be 3%. Then there are those looking for 10%. Then there's my view of deeper based on where I expect that bell curve avg to pull down. Run a fib number or take a peek a some bar chart, pnf pattern using whatever value box, throw in a wave here and there and one then is making an INFORMED decision. While here re INTC. that 24 ish is still no where near turning it's RSI. And even when it does the % and pattern say return to sender. So for those who play it enjoy the trade just don't get giddy. NOT yet! More work is needed in the semi's and intc IMHO Fintas