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Strategies & Market Trends Waiting for the big Kahuna
To: robert b furman who wrote ( 94572) 12/8/2016 12:01:55 PM From: William H Huebl Thank you for your kind words. And yes, CNNX looks vulnerable to a pull-back here. If you look at the bottom trendline on RSI 44 you will see several hints of a breakdown coming. BTW, RSI 44 on SPY shows the anticipated sell-off before election day and then the bullish breakout through the upper trendline recently. Recommend Keep Reply Mark as Last Read
To: William H Huebl who wrote ( 94578) 2/15/2017 8:24:16 AM From: robert b furman Good morning Bill, I've tracked Tom Drake's 2cs sentimeter since early 2015. It has just registered the lowest number since I've tracked it - suggesting an IT top is happening. It could easily continue into the option expiration - marking a rise into a third month of expiration in a row (something I've also never encountered in my short tracking experience). We are in a very bullish market move - that is extended. That does not mean it cannot continue. It just gives us guidance that we are indeed fortunate to have any old long positions. CNNX at $7.55 not even 13 month's ago vs. yesterday's $23.14 tells the story better than most. Me not owning any of it, tells me a story I need to continue learning.LOL Bob Recommend Keep Reply Mark as Last Read Read Replies (1)
From: blitzfund 2/15/2017 4:47:12 PM Surfs up, I thin the SPX will be at 444 by the year 2020, so grab your short board and enjoy ride. BLITZ PS. GeeeeZ ,...............Trump will be #1 as the president, with the largest market percent loss in one year. Recommend Keep Reply Mark as Last Read