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 689.10

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Jan 23 4:00 PM EST

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To: Justinfo who wrote (56954)	1/31/2014 7:15:00 AM
From: GROUND ZERO™	Read Replies (1) of 222311

Bear trends will always look oversold and ready to rally, but the rallies only last for a day or so and then the market quickly sells off and makes newer lows, yesterday into the closing ten minutes is the classic example of that kind of bear action... this market is behaving just like a bear market, for now anyway... my model has been short for two weeks already, and I see no reason to buy yet... I'm going to let everyone else buy, I suspect they'll all get stopped out or wish they had waited... just my hunch... GZ

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