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

To: Wayners who wrote (10297)	9/23/2010 4:09:27 AM
From: GROUND ZERO™	Respond to of 218738

I think you're probably right on both counts even though it would be kind of schizophrenic to be right on both assessments... this market will eventually work higher since it does look positive longer term, and that was likely a legitimate break out, but it's going to run into all the overhead resistance at every turn, overbought markets will always have some backing and filling... it seems to be the nature of the beast... GZ

To: Wayners who wrote (10297)	9/23/2010 7:21:09 AM
From: GROUND ZERO™	Read Replies (4) \| Respond to of 218738

NOW SHORT AT 1122.50 ON A NEW SELL SIGNAL... A CLOSE BELOW 1122.50 TODAY WILL CONFIRM THE SELL SIGNAL... IF THIS SIGNAL IS CONFIRMED, THEN THE DOWNSIDE VERTICAL PRICE WILL BE 1056.20... THE LATEST POSSIBLE DEADLINE FOR REACHING THAT PRICE IS FRIDAY OCTOBER 22ND, IF THE MARKET IS ABOVE THAT PRICE ON THAT DATE, THEN THE SELLING WILL BE COMPLETED AND A NEW BUY SIGNAL WILL AUTOMATICALLY BE TRIGGERED AND CONFIRMED... THERE IS A NEARBY VERTICAL PRICE OF 1104.00 DUE NO LATER THAN FRIDAY OCTOBER 8TH WHICH SHOULD STOP THE SELLING, BUT IF NOT THEN WE COULD EXPECT THE 1056.20 VERTICAL PRICE TO BEGIN A SPIRITED RALLY IF THAT PRICE IS ACTUALLY REACHED... VERTICAL PRICES ARE NOT TARGETS, YOU CAN READ THE FULL DEFINITION OF A VERTICAL PRICE IN THIS THREAD'S HEADER... GZ