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

To: penthouse mike who wrote (50596)	5/22/2013 11:33:21 AM
From: Fintas	Read Replies (1) \| Respond to of 220131

First it is NOT my bell curve system. It is one developed by Dorsey Wright which is a terrific service. Second I didn't post it: Quote xx did. So thank him. Third yes GOLD is down low and yes it's to the left and yes some might want to trade off that number. I provided ranges to the down recently and ranges to the up. Yet what would it take for me to change my view re a lower GOLD? First I'd have to see certain shifts in details that can be seen via a dorsey. Yet also details that can be understood by other than DORSEY. NOW keep in mind I have a LONG term target of GOLD well above the recent 1900! Yet that doesn't obviate the possibilities of more downside. Back the the bell curve. I said long ago that software dictates much of what dorsey has programmed it. I gave an ex in an earlier post that for those who are familiar with Dorsey or other it can be understood that before a stock will turn down or up there is a range to do so. The default is usually 3 boxes. And there is usuallyy a default for each box. HOWEVER one can tweek such. Additionally Dorsey also charts RSX and has patterns for such. Dorsey will also use default indexes and in some cases has developed their own. However they too have ranges and why I have suggested that a stock has neared it's peak via a rsi. Or will reference a sectors RS for momentum is too high as well as for it's RSP. Yet what I also will say is that the better one is at understandng the software, how it works and it's ranges will also help one to understand when it is the best time to go LONG and STAY LONG until a number has been hit. OR when to consider going defensive or selling. I used such when I determined precious metals would ROLL from the 80-90 area. IT did. Over time it was determined how low. As we know most are now trying to catch that bottom or at least trade it. THOSE who WAITED for the confirmation of DW and other would have missed the first 15% down from the 1900. And to the flip those who wait for the signal for the turn off the low will miss the first 15% ish. Those that game it have come in at 1340/ and are stilll doing so. Thus they will put that 15% in their pocket. But confirmation will come apprx at 1540 and for those then it's wating for the 1900 and higher. I can give many ex of buying early or staying too long. I find the more informed one is the better. This Am's touch of 1674 is no surprise. NOR will a 1702 be a surprise. What surprises me is supposed money types are paying too high for many stocks. However if one is the seller of APPLE at 705 he doesn't care if the person who bought it made a bad decision. And in fact at the time the person who bought at 705 did so thinking it's going higher. Unfortunately for the buyer he was wrong at this moment. And for those buying to high if they are not nimble many will find themselves WRONG. Understanding the numbers will help one to make an informed decision versus guessing as many are. IMHO Listen very carefully to Bernanke and as you do understand he's not in a bubble, nor are his policies in a bubble. They are NOT static. Fintas