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 690.38

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Dec 24 4:00 PM EST

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To: GROUND ZERO™ who wrote (11787)	10/26/2010 6:24:53 PM
From: TraderMann	1 Recommendation Read Replies (1) of 220657

Yes, based on TA the market is in a corrective move that will take it down to at least 1150 and maybe as low as 1130. Then I will jump back on board for the ride back up the elevator to higher highs over 1220. I will look at Charts and TA later this evening and see if anything has changed, and if it has, I will make the changes in my portfolios as needed. You are the hold type trader based on your model (up or down), which I highly respect. I am just more of the trader that feels, why ride the elevator down while long when all you had to do was step off (sell/buy) and then (sell/buy) for the ride back up. :) There is absolutely nothing wrong with the way u trade. Your model gives you the direction of the trend and you ignore the noise (ups and downs) in between. The overall trend is UP, I will not argue that at all.

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