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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?


To: bearshark who wrote (17610)2/1/2015 10:32:21 AM
From: humble1  Read Replies (1) | Respond to of 41042
 
is that not a picture of an almost perfect measuring gap?



To: bearshark who wrote (17610)2/1/2015 6:03:10 PM
From: robert b furman  Respond to of 41042
 
Hi bear,

Your post got me thinking.

Here's a look from a monthly perspective on the SPX going back a long way:

screencast.com

Note that when Macd topped out in 98 (which may well be what happened this month also) the market needed time to complete distribution of almost 14 months.

During that time adv/decl weakened slowly and the semi's had a huge dot.com blow off top.

Not saying it will repeat like that again, but I do think time is needed for this top to complete the distribution of all stocks.

During that time - being a good stock picker is what it is all about.

Those who buy what worked last year will be holding the bag - getting their hopes up with what is only a tease.

Watching sector strength will be very important.



To: bearshark who wrote (17610)2/1/2015 11:19:39 PM
From: solar_power_guy  Respond to of 41042
 
The best thing for Greece to be default on their loans and exit the Euro. Go back to the drachmas . Yes they will go through a depression but they have had 25 % unemployment with the so called Troika loans. Without the onerous debtberg and some sensible market based reforms like gutting the bloated bureaucracy, they could access the debt market in a few years.