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 681.43

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Nov 10 4:00 PM EST

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To: Machaon who wrote (49676)	5/5/2013 10:42:58 AM
From: GROUND ZERO™	1 Recommendation Read Replies (1) of 218639

Good Morning, great post, I fully enjoyed reading it!!! The key thing about my model is that it requires the market to prove itself according to my model's prerequisites before I place the trade... this doesn't mean gold will go lower from here, it could open much higher this evening and rally to 2000 or 3000 per ounce in a week... I have absolutely no clue what it will actually do, no one does... but I do know with complete and absolute certainty that gold CANNOT rally much from here without triggering a buy signal and confirming that signal at the end of the trigger day... For me, buying cheaply can very often turn into trying to catch that proverbial falling knife, I've done that more times than I would like to admit, those "early bird" trades can become very costly... but with my model, one can never miss the real top or real bottom without the signal being triggered and confirmed... GZ

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