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 690.64

+1.9%

Feb 6 4:00 PM EST

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To: Blasher who wrote (123273)	4/19/2019 11:30:12 AM
From: GROUND ZERO™	2 Recommendations Recommended By Blasher the longhorn Read Replies (3) of 223021

No, it's not saying buy... it moved below the zero line 17 weeks ago, that WAS the buy... right now, if you look at the green line, you can see it's very deep into the buy zone and has now turned upward, this means there's an increased risk for a market decline... it doesn't automatically mean a decline, but that the risk for a decline has significantly increased... if not next week, then likely the following week, but an intermediate top is likely not far away, at least according to the ratio... Notice the green line did the same in around September of 2016 and again in around December of 2018... Below the weekly ratio graph is the $SPX weekly chart marked with a blue arrow at those occurrences since these two charts don't match up together... Inversely, you can see the market bottoms occurring when the green line is near the top of the graph and also beginning to turn downward... GZ

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