Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Joe Smith who wrote (6314)	6/28/2010 11:09:32 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218838

Hi Joe, thanks for the excellent question... while the price has moved significantly higher and then retraced back to the buy point, we're still in the initial retracement phase from that high, e.g., the initial vertical price we reached last week... for this reason, the sell point only inches higher without getting in the way of the market as it retraces and gyrates... what would move the sell price higher now is if we begin to resume the rally and leave these secondary lows behind, that would definitely bring the sell point higher by a considerable amount... in fact, this is a nice thing about my model, is that it allows for just these kinds of initial rallies and pull backs to work their way out without getting in the way of the market and getting whipped the way some trend following models might suffer... Was that helpful? Please let me know... GZ