Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 681.27

-1.5%

Feb 12 4:00 PM EST

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To: livelongandprosper who wrote (5427)	6/8/2010 12:05:14 PM
From: GROUND ZERO™	Read Replies (2) of 223208

Excellent question... My model will give a buy signal tomorrow is we trade above 1049.50 tomorrow, this would also include this evening's session... and a close above that price tomorrow will confirm the signal, meaning that the recent lows are already in place and one could buy with confidence that the trend has actually turned upward... However, if we do not close above that price tomorrow, it is not a new sell signal, it only means that the most recent sell signal is still intact and the trend is still lower... For today, we would need a close above 1082.80 for that same confirmation... Was that helpful? GZ

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