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 671.91

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Nov 14 4:00 PM EST

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To: Joe Smith who wrote (6314)	6/28/2010 11:09:32 AM
From: GROUND ZERO™	Read Replies (1) of 218840

Hi Joe, thanks for the excellent question... while the price has moved significantly higher and then retraced back to the buy point, we're still in the initial retracement phase from that high, e.g., the initial vertical price we reached last week... for this reason, the sell point only inches higher without getting in the way of the market as it retraces and gyrates... what would move the sell price higher now is if we begin to resume the rally and leave these secondary lows behind, that would definitely bring the sell point higher by a considerable amount... in fact, this is a nice thing about my model, is that it allows for just these kinds of initial rallies and pull backs to work their way out without getting in the way of the market and getting whipped the way some trend following models might suffer... Was that helpful? Please let me know... GZ

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