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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.38+0.1%Nov 12 4:00 PM EST

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To: Copeland who wrote (9379)9/1/2010 4:37:52 AM
From: GROUND ZERO™  Read Replies (1) of 218731
 
Yes, a rejected sell signal at any time does definitely suggest the market will likely rally, which is why I covered and went long the last 30 minutes of the trading day...I went short earlier because the original sell signal is still active, the trend is still down... the sell signal mentioned over the last few days is the third such signal, not the first, and frankly it did look like the market was about to confirm it... but in the last 30 minutes, and since the third sell signal was not confirmed, I went long again and am now long while I wait for my buy signal which is scheduled to arrive no later than this Friday provided we close on Friday above 1061.90...

GZ
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