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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.43+1.6%Nov 10 4:00 PM EST

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To: GROUND ZERO™ who wrote (32831)5/30/2012 7:02:48 AM
From: GROUND ZERO™  Read Replies (2) of 218639
 
THE MODEL IS NOW FLAT AS OF THIS MORNING AND PENDING A NEW BUY OR SELL SIGNAL WHICH EVER COMES FIRST...

As of this morning, I also have a failed second buy signal which would otherwise have been triggered this morning, this would have been a second buy signal... this is not a good sign since this actually puts the model into neutral and flat as of this morning, neither long nor short... this is a very rare occurrence, much like the triple sell signal which occurred last time, that also was a very rare occurrence... either way, I rely on my model to keep me out of serious trouble, so the model should be flat as of this morning pending either a new buy or new sell signal, which ever comes first... I've gone flat the model at 1322.00, the exact same price the entry was made... for today, a close below 1297.90 would confirm a new sell signal... a close today above 1331.50 would confirm a new buy signal...

GZ
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