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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (94237)3/28/2014 10:47:53 PM
From: Fintas  Read Replies (1) | Respond to of 94695
 
Re Bell curve. It's at 57.9 this eve but one thing I noticed is PREC METALS used to be the lonely little petunai to the left in the 35 area.

IT has now been joined by INTERNET and Biomeds 32 and 36 respectively.

That's not a sign of accumulation but SELLING. Oh and the spx near term momentum took a hit down from that 51 area to 39.. THAT'S NOT BUYING on a day that was GOOSED to give the impression of such.

NYSE MO was also down 10 and that's also not buying.

Yet what I am watching is the SPX PT that peeked at 90 and using a default 2 box is at 86.. YET to roll and when it does it's HIGH POLE.. So the roll will be steep. When I suspect as more selling occurs the stocks with positive trend patterns will turn and down.

OH one thing about the momo's.

They are in tail down but what should be noted is it will not be tail down up to new highs. NO..it will be tail down..UP...down..UP..down UP till the bottom is found.

As always IMO and years of watching those indicators.

Fintas