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Author: readyteddy Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 21516  
Subject: Re: Poll: Buying yet? Date: 11/15/2012 10:19 AM
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So what bargains do you guys like? Dish!

The technical condition of the market is very much like it was at the end of July 2011. SPX weekly has penetrated the 200 day MA to the downside, the 200 is flattening out and 50 is heading down. Oversold for sure and not really any RSI divergence at recent high. Nothing much to stand up and salute.

VIX is pretty low.

I think it would take another leg down with a momentum divergence at the low and a spike in the VIX to get me very excited.

Think Eric Cantor is long or short?
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