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

To: GROUND ZERO™ who wrote (11787)	10/26/2010 4:35:11 PM
From: Roebear	4 Recommendations Read Replies (1) \| Respond to of 220698

GZ, Ordinarily the election cycle would have the market take off on a Bull move. However, some party poopers with a reputation to uphold have to go on a TWO month cruise! So much for any Santa Claus or election cycle rally this year. I've got my GZ cruise indicator and I'm sticking to it!!! I'm going SHORT, no kidding!! Roebear

To: GROUND ZERO™ who wrote (11787)	10/26/2010 6:24:53 PM
From: TraderMann	1 Recommendation Read Replies (1) \| Respond to of 220698

Yes, based on TA the market is in a corrective move that will take it down to at least 1150 and maybe as low as 1130. Then I will jump back on board for the ride back up the elevator to higher highs over 1220. I will look at Charts and TA later this evening and see if anything has changed, and if it has, I will make the changes in my portfolios as needed. You are the hold type trader based on your model (up or down), which I highly respect. I am just more of the trader that feels, why ride the elevator down while long when all you had to do was step off (sell/buy) and then (sell/buy) for the ride back up. :) There is absolutely nothing wrong with the way u trade. Your model gives you the direction of the trend and you ignore the noise (ups and downs) in between. The overall trend is UP, I will not argue that at all.