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

To: GROUND ZERO™ who wrote (51233)	6/4/2013 8:00:50 AM
From: Fintas	1 Recommendation Read Replies (1) \| Respond to of 218515

Sector has had a nice bounce off the low of 6.95 to now a 13 ish. NEAR term momo has bounced nicely. The biggee is many of it's RSX patterns have turn up and the last reading was UP 11. I forgot to write down from where. SO yes a nice BOUNCE. Yet don't get GIDDY. I had projected a move up from that bottom re the sector % and it's nice to see it happening but it has a RANGE. That goes along with what I thought was possible on this bounce. I presented numbers if any wrote them down they will have the RANGE UP. Yet more importantly what number UP has to be taken out. UNTIL.. See it as a sector trying to put in a bottom that is STILL vulnerable when it rolls back over. It WILL. Just a matter from WHERE. Here and now though. ENJOY THE BOUNCE that is helping to put in a bottom. ON an aside. for a better understanding. DURING 2008 the market took a serious hit as did the majority of stocks and sectors. AND IT bounced. BUT the LOWS didn't happen until 2009 re most stocks etc. So the bounce from the 3 area on the sector to the near 19 turned over to come back to the 9 area and as that happened many equities within went LOWER to put in new lows. Whether it was LVS, WYNN, GE, JPM etc etc. KEEP that in mind. We will retrace re GOLD if my number UP is not hit. We may NOT go below that previous 6.95 for the sector YET GOLD can still go lower than the previous 1335. GOLD needs to take out numbers UP I wrote in the past. UNTIL it can bounce nicely and has but don't be betting one's soul the bottom is in. DITTO APPLE. I STILL see 20% down and APPLE is also bouncing. NEEDS to take out numbers I presented before the bounce becomes other. As for ms spx. OH YEAH. Enjoy any bounce that began yesterday but after looking very close going as low with a 3 box for value re pnf and bell curve and all tech indicators... Sorry to those who are suggesting we make NEW HIGHS.. SORRY but you might want to reconsider your work. OR you can ignore such. Doesn't matter to me. But OL 1600/1588 BECKON after this bounce finishes. IMHO Oh and I don't with hold what I presented in the past re numbers. I just don't want to keep writing down numbers again and again. It's very bothersome on the optic nerve as I type these. So for those interested. Write the numbers down. They don't change until there's a reason. Meaning 1620 up was 1620 up whether it was understood in 2007, 2010 or 2013. The number 1620 was a target. It was understanding TIME. Fintas