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The Surge


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#1 AChartist

AChartist

    Tim

  • Traders-Talk User
  • 5,800 posts

Posted 03 May 2008 - 04:59 PM

A number of sectors just switched to new long term buy signals ( 86% reliable ) Many are my sector concetration, telecom, telecom equip, semis. The long term buy is immediately reliable but some may have flatness for up to 20 days after the power of new LT buy is expended. A sweetspot sector @ 22 day into LT buy and finishing 8 day on ST sell, completing a 10 day period of weakness that follows after a new LT buy, is Biotech. Time to shop here in next weeks lows ( or near lows lol ) are spotted. This is one of my favorite timings around 20 days into the LT buy. Pharma is also turning with it and AMGN is a chart ringer. Another good timing point are the long in tooth LT sell signals > 170 days that are turning the LT signal, with ST buy signals around 40 days old that have already gone through the 1st pullback. They are wireless, apparel, bldg materials, auto, banks, insurance. i've already front run and positioned in those. There are too many to mention in the trust of LT and ST buy combos, these are some that are changing signal. Biotech may be of interest during next week consolidation or pullback.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan