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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 684.45+0.1%4:00 PM EST

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To: aka_Jimbo who wrote (9295)8/30/2010 6:00:49 PM
From: GROUND ZERO™1 Recommendation  Read Replies (1) of 219652
 
A SELL SIGNAL ADVISORY...

FOR TOMORROW, A SELL SIGNAL WOULD BE TRIGGERED WITH A TRADE BELOW 1043.00, THIS SIGNAL WOULD BE CONFIRMED IF THE MARKET CLOSES BELOW THAT PRICE... IF WE HAVE A CONFIRMATION, THEN THE NEXT LOWER VERTICAL PRICE WILL BE 1011.40... THE DEADLINE FOR THIS VERTICAL PRICE IS TUESDAY SEPTEMBER 21... THIS MEANS IF THE MARKET CLOSES ABOVE THAT PRICE ON THAT DATE, THEN A BUY SIGNAL CONFIRMATION WOULD BE ISSUED... BETWEEN NOW AND THAT DATE THE MARKET COULD TRADE BELOW THAT PRICE, BUT IT MUST CLOSE ABOVE THAT PRICE ON THAT DATE FOR A BUY SIGNAL CONFIRMATION... IF THE MARKET CLOSES LOWER THAN THAT PRICE ON THAT DATE, THEN WE CAN EXPECT TO SEE CONTINUED SELLING PRESSURE... THE NEXT LOWER VERTICAL PRICE IS THEN 930.40...

GZ
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