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

To: J_K who wrote (26814)	11/23/2011 6:32:30 AM
From: GROUND ZERO™	2 Recommendations Respond to of 218857

WE HAVE NOW REACHED THE SECOND DOWNSIDE VP OF 1174.70... THIS MORNING I CRUNCHED THE NUMBERS CAREFULLY... BELOW 1174.70 WE HAVE A MINOR VP AT 1051.90 AND THEN ANOTHER MAJOR DOWNSIDE VP AT PRECISELY AT 959.00... KEEP IN MIND, THESE ARE NOT TARGETS, THE MARKET DOES NOT HAVE TO TRADE AT THAT PRICE, THESE ARE PRICE POINTS WHERE THE SELLING WOULD BE SO SIGNIFICANTLY OVERSOLD THAT A RALLY SHOULD BEGIN AT THOSE PRICES, GIVE OR TAKE A FEW TICKS... PLEASE READ THE THREAD HEADER FOR A FULL AND CLEAR EXPLANATION OF WHAT A VERTICAL PRICE REPRESENTS... Excerpt on Vertical Price (VP) from the thread header: The Vertical Price: A vertical price (VP) is the price of maximum stretch during a rally or a decline. In a down market, there is a price where excessive selling becomes completely exhausted (at least for the meantime) and where buying is mostly likely to enter the market and begin a rally. This vertical price is NOT a target, there is no certainty that the market will actually reach the vertical price. But, if the market in fact hits that vertical price, then I may cover my short position and go long for a quick trade but it is not a buy signal, it's just a warning that the market is extremely oversold and that you should expect a brisk rally from that point. The inverse is also true in an up market. Interestingly enough, the market typically turns around within a few ticks of that vertical price, so it's a highly reliable indicator. On any new buy or sell signal I will also post the new vertical price so we can watch for it in advance. There's never a guarantee that the market would reach any vertical price, but if/when it does, then you can expect a sharp reaction from that price about 95% of the time. These VP's have absolutely nothing to do with gaps or trend lines or with any other technical analysis, it's a completely original phenomenon I discovered during the development of my model. THANKS...<g> GZ