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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (38526)	5/8/2021 8:05:01 AM
From: skinowski	Respond to of 41494

I think you’re right - for this [tortuously] evolving 5th of the rally since early March just to look “proportional” to the 1st and 3rd, it would likely need to run a bit higher. 4400-ish doesn’t look unreasonable. Basically, I’m a trend follower. So, forecasts are not nearly central to me. Paying attention and being patient is a lot more productive. About energies... after lagging for many years, $SPEN has been strongly outperforming SPX since the last quarter of 2020. It hasn’t given the long term buy signal (against SPX) yet, but looks like it’s getting there. I hold positions in energy. What seemed like a premature entry in March of last year turned out to be very good.