65K MOVEMENT ( 70 DAY HOLD ) SELL IDEAChart Analysis Only:
- Signals supporting trading idea are noted in chart.
Benchmarkindices
Communications is KeyIn my honest opinion here. When looking at S&P through RRG, Communications sector XLC looks really good long term. Short term watch out as we could go as low as 70's or more before the bounce. But this should offer a nice low point of buy in, providing the FED does not mess it up. Pay attention to Communications news over this time span. maybe a week or two max.
