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

To: SHAWING who wrote (7488)	7/15/2010 4:57:29 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 219050

I think we're good for tomorrow... GZ

To: SHAWING who wrote (7488)	7/15/2010 6:11:17 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 219050

A POSSIBLE BUY SIGNAL TOMORROW WITH A TRADE ABOVE 1099.60... A CLOSE TOMORROW ABOVE 1099.60 WILL CONFIRM THE BUY SIGNAL... Well, it certainly took long enough, but we might just see that buy signal tomorrow with a close above 1099.60... some have questioned why a buy signal after rallying 90 points from the low... these signals are really turning points, confirmations that the rally is real and no longer just a bounce in a down trend... you can't make such a decision at the bottom tick, you need some action for several days/weeks to demonstrate what kind of price action we're looking at... with a close tomorrow above 1099.60 you can buy with confidence that the market is very likely to continue higher and that the trend is clearly higher from here... Thanks and good trading... GZ