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

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Jan 16 4:00 PM EST

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To: chartseer who wrote (35824)	8/2/2012 9:15:37 AM
From: GROUND ZERO™	1 Recommendation Read Replies (2) of 221951

Perhaps, but the market reached a cluster of minor VPs and turned south, and the near term indicator gave a sell signal two days ago... at this point, this is still just a pull back in an ongoing up trend, but if the model gives a sell signal during this sell off, then this market may go further south... I suspect this kind of selling could run into next Wednesday when the near term indicator could be set up for a buy signal... however, by that time the model could already trigger a sell signal... this market is extremely choppy and so we have to be nimble and quick about it... respectfully, I think getting married to any one position these days is not a safe idea, but that's just me... GZ

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