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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.310.0%Nov 12 4:00 PM EST

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To: Mevis who wrote (77679)1/6/2016 1:48:16 PM
From: GROUND ZERO™  Read Replies (1) of 218713
 
Thanks... I'm holding my core short position, that buy was just a day time hedge based on the lower key price, but I think this market isn't going higher for anything other than a quick short covering rally every now and then... for sure, the rallies will definitely be highly spirited, they will always look like the bottom is finally in place, but only to fade soon thereafter... the weight of this market right now is more than just overweight, it's somewhat obese and has a good bit to trim before it gets back into rallying shape... well, that's just my hunch, and of course subject to the 50/50/90 Rule...<g>

GZ
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