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 690.27

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Dec 26 4:00 PM EST

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To: penthouse mike who wrote (51599)	6/10/2013 11:07:02 AM
From: GROUND ZERO™	Read Replies (1) of 220756

Yes, I do feel very comfortable with the long side here, the upward thrust of the past two days was an impressive rally off the 50 DMA as well as a great confirmation of the NT buy signal given last Thursday... this rally is a broad one with plenty of buying on any pull back... I think we're going higher sooner than later, the selling cycle is running out of time... this market could always suddenly sell off and all bets are off, but the action doesn't look so weak... the near term and longer term chart patterns continue to look very solid... it seems everything is pointing higher right now... but, my stops are in place just in case, but my money is on the long side for now... GZ

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