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

To: Gary105 who wrote (23069)	8/7/2011 4:33:23 PM
From: chartseer	Read Replies (1) \| Respond to of 220488

"No one ever went broke taking profits." Another olde adage picked up in my many years on the new york stock exchange trading floor.

To: Gary105 who wrote (23069)	8/7/2011 10:18:10 PM
From: GROUND ZERO™	Respond to of 220488

A very excellent question... I go short when I get a sell signal, I go long when I get a buy signal... I do give back some profits along the way, but in return I never have to think or wonder or go through any angst about whether the market will do this or that... My model is not designed to pick the top or bottom tick... my model tells me with a high degree of certainty that a change in market direction has occurred while still not detected by traditional technical methods... as a result, I go long just when everyone else is shorting rallies and forced to cover later at a loss, and I go short just when everyone else is buying the dip and getting stopped out at a loss... in other words, my model tells me when a pull back in a rally is no longer a pull back but a new down trend, and visa versa... GZ