Replies to post #9892 on ETF SWING & DAY TRADING

[kedew]

thanks for your update pokersam

[GLENO34]

POKER, In the past, when the 3 crosses the 7 and they both cross the 20MA, we have a few down days..We came back to kiss the 3MA today so hopefully that will turn us back down...
http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]daclyiay[db][pb3!b7!b20!d20,2!i][vc60][iUa65...

[omandan]

POKER
Both SMH & SOX picked up some strength at the end of the day & both ended the day (3month, daily chart) with a HAMMER. That signals trend change. Looks like they may get into the bull mode.
Dan

[was Steve]

1206 spx is all we need to know. above that and the move down from the august high was just a corrective ABC down and we are in the eoy rally ahead of schedule. failure below 1206 and the bear count lives. its as simple as that.

mr market gave me a gift today with the 100% long position in pharma sector. i do not want to overstay my welcome and will start looking for shorts early next week just in case the bear isnt done growling yet