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


To: Chip McVickar who wrote (57557)2/26/2014 2:10:57 PM
From: Fintas  Respond to of 218673
 
I'm not sure I'd go with the HAD to.

But I'll take your response to mean YOU DO NOT see 1027-1050?

Although I'm not presenting such for I'm staying safe at 1167.

1134 is the next string of 162 down from 1296 and if it were to go then

1134-54=1080

Under that 1080-54=1026.

So from a numbers perspective it's not out of the realm of possibility.

Just as DRYS to 3.15 was NOT out of the realm of possibility from 5.

4.86-.1.62- 3.24-.08= 3.16.

There's plenty of room to take the bp prec from 36 to 19.44 and the 14.

There's plenty of room to drop the mo,10 week and 30 week from their lofty levels and if so then under to the 1174 is no issue.

When that area is resolved and only then will I consider stepping in.

Until a 1267- 1340 is but 6%

But a 1182 would have been 10%

And drys from JDSU from recently from 11.50 ish or 13.50 to 19/21 on it's own or help from some shark makes more sense to me. There is one I yik yak playing it and has done well.

But then there's not much excitement yik yakking about it.

Good to read your posts. I respect your views. We just don't agree on this one re the bottom..

Fintas