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

To: humble1 who wrote (24660)	11/6/2016 6:26:05 PM
From: John Pitera	Respond to of 41021

Well the SPX closed right above it's 200 Day MA on Friday. That's the place to be buying in a bull market. We should be seeing a very nice bull move occur presently..... Albeit, it would catch the maximum number of people leaning on the wrong side of the boat if the SPX were to break below the 200 DMA for a day or so. Markets statistically just about never can go down for more consecutive days than 11 - 12. I remember when the AUD bond market was down for 12 straight days in Sydney in 1986, everyone everyone on the Citibank trading floor were very bearish and had a very nice bull move up in price. The full stochastic has reached an extremely oversold level.... we'll have to keep an eye on the money flow index. John