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 670.31

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Nov 6 4:00 PM EST

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To: penthouse mike who wrote (38362)	10/1/2012 2:37:32 PM
From: GROUND ZERO™	Read Replies (1) of 218568

No, i wouldn't want to go long when the market is near the reverse buy point, especially when it approaches that reverse point for the first time... I would have to consider the first approach only a retracement and would expect to see more selling... I could be wrong, but this is what I would expect generally... so, I would think tomorrow would be lower once again... if not, then we'll see that buy signal get triggered... i never know what the market will do, I can only go on probabilities based on the models to keep me out of trouble... GZ

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