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


To: penthouse mike who wrote (29482)3/5/2012 9:27:22 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 223627
 
For myself, I personally already went short at 1370.00 on Friday... I wouldn't wait for the confirmation because if it does confirm, then it could collapse before the close itself... I'm not suggesting you follow my own personal trade, I'm only saying that a close below the 1363.40 price today would confirm that the trend is now lower, at least for the time being, according to my model...

GZ



To: penthouse mike who wrote (29482)3/5/2012 9:29:36 AM
From: GROUND ZERO™  Respond to of 223627
 
For all the other technical reasons I mentioned over this weekend, I have good reason to suspect this market may decline at least near term...

GZ