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

0.0%

Jan 23 4:00 PM EST

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codfish23

To: GoodGord who wrote (111692)	9/28/2018 5:56:51 AM
From: GROUND ZERO™	1 Recommendation Read Replies (3) of 222325

I agree, it won't stay down very long, but I think we could see one more good down swipe to shakeout a lot of the weak longs and to sucker in more bears... Meanwhile, almost all my indicators are pointing lower, so while I'm still holding long positions in some markets I'm also well positioned for any market decline between now and then... My hedge is still biased on the bull side, so if I did absolutely nothing and these markets go higher I'll do very well, but if they do go down for that October shakeout I'm well protected until my indicators turn back upward, then I'll cover the short positions... For me, going without defensive protection when the indicators are all pointing lower would be foolhardy, hoping the market goes back up is a very bad market strategy... GZ

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