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


To: Al Greenleaf who wrote (7635)7/18/2010 5:02:21 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 221955
 
I already have confirmation from the original sell signal, there are no further confirmations needed or that can be generated, the original sell signal is still ongoing and intact, the model is already short, so no new sell signals would be given here... in other words, we had the sell signal already confirmed on June 26th, the market sold off and then rallied, and has now begun to sell off again... the trend is still lower and my model is still short from the original June 26th confirmation... since we closed above the original sell price on Friday, this is an ideal short already and one could get into a short position better than the original 1062.50...

For myself, I played the swings, but I just reinstated my short position on the close on Friday and I plan to add to my short immediately on the opening if we open higher or just trade higher tomorrow...

GZ