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 685.33

+1.1%

4:00 PM EST

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To: penthouse mike who wrote (42710)	12/28/2012 12:56:10 PM
From: GROUND ZERO™	Read Replies (1) of 222153

Mike, the main reason I decided to re-enter a short position instead of staying flat is because this morning's weakness is hinting at a possible second main model sell signal before we see a main model buy signal... also, in this rally, the time on the clock is running out... remember, each rally and decline only have a prescribed period within which to move, and the immovable deadline for this rally is Wednesday, January 10th, and on that day the march SP futures must close above 1466.40 for this rally to continue... also, if we close below 1407.00 (where we are right now) next Thursday, that would confirm a new main model sell signal... so, either this rally is going to have to hurry, or a second major sell signal will be here before we know it... GZ

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