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 684.84

+0.6%

Dec 22 4:00 PM EST

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To: GROUND ZERO™ who wrote (22229)	7/27/2011 5:24:11 PM
From: KingHigh	1 Recommendation Read Replies (1) of 220518

Thanks for update. I think the first minor VP could be touched quickly and we might see a reaction from there and maybe a chance to add to shorts if it bounces without producing another buy signal. If we get past the minor VP and your first major VP doesn't bounce and give us a buy signal then the bull market could be in big trouble. I think the bull is still alive, so I am guessing the trend will reverse at or above 1263 but the market wants to react to whatever the bozos in Washington decide to do so anything can happen. And you hit the nail on the head yesterday when you said don't think too much, just go with the signal and see where it takes us.

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