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 693.77

-0.2%

Jan 13 4:00 PM EST

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To: GoodGord who wrote (112115)	10/10/2018 8:50:11 AM
From: GROUND ZERO™	Read Replies (1) of 221755

We'll probably continue seeing selling until my indicators turn back up... right now they've been pointing downward for about a week already... and there appears to be more room to go on the downside... The only safe place is being either short the SP or buying DOW component stocks on this dip, I'm doing both... There are a good number of DOW component stocks which are moving higher during this decline, so I'm feeling pretty good with them, the best one so far is MCD which just broke out from a long term pattern, that's a beauty... also I bought WMT and will buy more if yesterday's highs are taken out... also, PFE, JNJ, and AXP all are looking very solid while the rest of these markets go down... I have to wonder how well they'll do when the DOW actually turns back up... GZ

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