Humble1 and Swing Trading Friends | Stock Discussion Forums

From: Fintas	5/3/2012 11:53:43 AM
	of 10493

HMMM who said NUS looked tired? and BAC was heading under 8. Oh that's right I DID. Those that ignore equities that become extended and do NOT see money leaving learn the hard way. RE SPX. Keep an eye on the vix. I still hold to my view of the glass needs to be emptied for this rally to make it's way to the 1565 and beyond. Keep in mind I maintained the 1405 up from way back when and ignored the dips for dips are needed for the longer move. MOST 10 week and 30 week MOMENTUMS are at highs i.e 60's and 70's. Hard to keep that going even if some many near term momo's are in the 30's That means those longer term momo's need to come down a bit and 10 week 30 week by their definition requires TIME. That suggest when the selling comes it will be longer than many consider to bring those 10 week and 30 week in line to then allow for a nice move up thru 1565 and BEYOND. OH and ALL THE HUMBLE OPINION of a PERMA BULL that loves the color GREEN but must maintain objectivity

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