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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To: yard_man who wrote (211234)	4/28/2025 4:39:23 PM
From: GROUND ZERO™	Read Replies (2) of 222366

I think so, too... I was so bullish at the opening, but then almost right away I saw that suspicious SPX pattern so I decided to go all cash before I headed out to the park this morning... I now think this market could still have problems... Either way, I'm in no hurry one way or the other, the key is to keep the risk at a minimum and that's what my game plan is... It's fun to be bullish, but then some of that fun requires throwing caution to the wind... This market could go straight up from here but there's always that possibility, call it the wall of worry, but it's a legitimate possibility... The Russell 2000 is forming a bearish wedge pattern and all the other major market indices are already overbought... When that green traffic light turns yellow as you approach the intersection, do you try to run the intersection before the light turns red or do you play it safe??? Only a fool would take an impulsive high risk gamble... So anyway, aside from all the many caution signs and numerous warning signals which are flashing red right now, this market is looking pretty good... EGADS!!! (gulp)... GZ

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