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 675.37

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Nov 4 4:00 PM EST

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To: Fintas who wrote (7949)	7/23/2010 9:18:03 AM
From: GROUND ZERO™	Read Replies (3) of 218387

I agree with you, many will watch in disbelief as this market begins the next leg higher in this rally... the so called death cross has been so overly rated... yes, there is such a thing, but what I've been able to discern is that this phenomenon is simply not reliable and is therefore not necessarily the "be all end all" for any market... many traders and investors are now hesitant and suspicious of any rally because they see the death cross and figure why bother, and so they abandon all the other indicators and oscillators that are telling them to buy... of course, I was also short until I got my buy signal, so no one can really be faulted no matter what if they follow their model... Now, who knows, we could see this market begin to fall apart at some point, but it will not get very far without the appearance of a sell signal from my model... thank you, my model has been my market compass for many years and has helped me navigate though some of the most difficult market conditions... enjoy the thread and I appreciate your comments... GZ

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