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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (4946)	6/2/2010 1:51:27 PM
From: GROUND ZERO™	Respond to of 220476

Yep, and the interesting thing about this possible buy signal, no one is going to believe this market is actually capable of a rally, there will be plenty of new shorts taking positions all the way up... when I got that initial sell signal at 1207.30 I thought I was nuts to go short what seemed then like a powerful bull rally, but the model was right... I think we'll have the exact same thing here in reverse, i.e. a good buy signal confirmation by tomorrow's close and this market will lurch higher while new shorts try their luck... GZ