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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: y2kate who wrote (88467)	7/2/2009 11:02:07 AM
From: GROUND ZERO™	Respond to of 94695

Kate, the most recent signal is the one I always follow... most all the time with a new buy signal the markets would rally very briskly... this didn't happen this time, this told me that the market is ready to turn again, and which explains why the markets struggled with the recent buy signals... today's particular sell signal occurred based on a much longer term model which has been crunching prices from the beginning of this year... this kind of sell signal is not a near term signal, this is a major longer term signal... for that reason, I would expect to see these markets move much lower than just a brief pull back... clearly it nullifies the earlier buy signals no matter how major or minor they may be, but in any case the most recent signal takes front and center no matter how major or minor it may be... Mind you, these signals follow the market, these markets move in two directions, I never get married to any one signal because another signal may appear very soon... GZ