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

To: Bert who wrote (49976)	5/9/2013 9:14:07 PM
From: GROUND ZERO™	Respond to of 218314

Yes, I agree with your sentiment... no sell signal yet, but I think the bulls should be on alert right now... I wouldn't be surprised to see these markets move sideways for a few days if not lower... under most normal circumstances, this rally must be very tired right now... GZ

To: Bert who wrote (49976)	5/9/2013 9:32:41 PM
From: Fintas	Respond to of 218314

The positive to the Utilities is that they have not come close to making any significant moves in their positive trend, relative strength pattern or stocks in relative strength. That suggest while others HAVE done such and are also extended. The fact is if they are all making highs in those indicators then the chances are they are going to turn down. I'd be slower to sell a good utility versus holding on to some insurance company that is overbought. I can see the spx selling off while many sectors roll yet gas and elect utility bucking the trend. Just an Opinion and those with Dorsey Services should be able to take a peek at their indicators and make a decision Fintas