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 683.47

+0.6%

Nov 28 4:00 PM EST

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To: penthouse mike who wrote (39452)	10/26/2012 7:12:20 AM
From: GROUND ZERO™	1 Recommendation Read Replies (1) of 219481

Congrats, that has to be exciting to get the VP price... just looking over the numbers right now, it wouldn't take much to turn the NT back down on the opening, but aside from the NT, the fact that I did get a confirmed NT buy on the close yesterday and the market did reach the major downside VP overnight and it stopped the selling is enough for me to hold my new longs and let today run its course... I'm staying long now... for myself, I'm very satisfied... As an addition note here, looking over the NT figures, it would take a mammoth crash on Monday to stop the NT from turning back up again... in other words, no matter what happens today, the NT is very likely to turn up again on Monday (presuming it turns lower today) and also up on Tuesday... so, this market now has to work off its oversold condition over the next few days... this is another reason I'm not all that worried, but that's just me playing out what my models are telling me... GZ

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