SI
SI
discoversearch

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: giddy guru who wrote (7918)7/22/2010 3:24:50 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 218440
 
For those who don't realize a new up leg has just begun today, this looks like an overbought market and they're shorting it... this is exactly what the model does, it gets you into a new trade correctly just when everyone else is betting the other way... people are going to short this market all the way up... all of them will cover at a loss and fuel the rally that much farther...

GZ



To: giddy guru who wrote (7918)7/22/2010 3:30:33 PM
From: Al Greenleaf  Read Replies (1) | Respond to of 218440
 
Giddy, thanks for making that point! Buy signal or no, I think no one can trust this market. You helped me to decide to hold off a bit.