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


To: Ken Adams who wrote (8067)7/27/2010 10:51:11 AM
From: GROUND ZERO™  Respond to of 220773
 
No, the vertical price is not a sell signal, but it does mean that you do not want to buy here... for my own account, I just reduced my longs in half this morning, I sold half and will hold the other half, I expect to see this market stall and maybe even move lower for a day or so... and if not, I still have 1/2 my longs... I will only go short on a legitimate sell signal, a vertical price is not a sell signal... you might check out the definition of a vertical price in the thread's header...

GZ



To: Ken Adams who wrote (8067)7/27/2010 11:15:17 AM
From: GROUND ZERO™  Respond to of 220773
 
I dumped some more, I'm now only holding 1/3 my longs from the 1087.10 by signal... if we get a good sell off, I will buy it all back, but I'm not going short with an active buy signal in play, for me that would be nuts...

GZ



To: Ken Adams who wrote (8067)7/27/2010 1:32:13 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 220773
 
Wow, I'm getting a sell signal in the Russell 2000 today, hard to believe, no confirmation yet...

GZ