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 679.68

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Nov 26 4:00 PM EST

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To: penthouse mike who wrote (38634)	10/8/2012 9:55:21 PM
From: GROUND ZERO™	Read Replies (1) of 219418

Actually, it gave a buy signal today, but it's already in overbought territory, so I can't call it a buy signal... a legitimate buy signal would have to occur in oversold territory... sure, the NT could continue higher tomorrow, but it would have to take a huge rally because it's already in overbought territory... without a giant up day tomorrow, the NT is likely to turn lower again... You're welcome... GZ

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