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 29 4:00 PM EST

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To: GROUND ZERO™ who wrote (36416)	8/15/2012 8:51:02 AM
From: FCom777	Read Replies (3) of 222634

I'm sure I don't need to tell you that these past few weeks trading has been very strange. Up until yesterdays miniscule move down - Sep S&P actually had chalked up seven consecutive up - all within a very narrow price range. When was the last time we saw that? Larry Williams had a major move indicator that triggered on 5 consecutive days movement. It was useful as a red flag - and sometimes even caught major moves. This market needs to break down soon if it is going to break down at all. Seems like a lot of money is going to the short stock and short bond trades. Yet someone is on the other side. Bonds seem to be moving lower but that could change quickly since it could be at a support level. Still biased to the bear stock side but the markets resilience is giving me pause. Fed and boyz could well be booking the short money with the intention of driving prices higher. Or have they run out of bullets? Historically, that has been a bad bet. Be nimble ... Also, fwiw, da cheif seems to be very bullish. Can't say that I've ever seen him bearish - but he seems to be highly regarded around here .... In the event the market moves higher from here, what would be your trigger to switch sides or at least get out of your shorts? Is there a stop level you have in mind?

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