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

To: livelongandprosper who wrote (10454)	9/27/2010 4:23:36 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 222019

The first VP for this new buy signal is at 1156.90, and the date is Tuesday October 12th... this means we must close above that price on that date for this rally to continue... There is a VP now below the market, that is 1122.30, but this is still a troubling VP because the deadline for that price has still not yet arrived, the date is Tuesday October 5th, so that possible threat is still there until that date... if we close above that VP on that date, then that deadline date will expire... The next and far more serious VP is 1195.50, and the reason this VP is a problem is that the deadline for that VP is ALSO TUESDAY OCTOBER 5... this elevates the threat of a possible pull back on that date, so we need to keep our eyes open so we don't get side swiped... this particular VP may be a problem now since we have so little time to rally above 1195.50 and avoid another confirmed sell signal... Therefore, this rally must continue to be explosive or we can expect more selling again... who knows, it could be another 25 point SP pull back at that time and we'll get another buy signal soon thereafter, but these are the VP's and deadline dates my model has generated for this market... In all, these VP's and deadline dates are within the context of an up trending market so there is that temptation to dismiss them, but that was also the case in September of 2008 when I got a sell signal in a raging bull market and the market collapsed anyhow, so these signals cannot be dismissed or ignored too quickly no matter what the current trend may be... I hope this was helpful... GZ