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

To: SGJ who wrote (30478)	4/1/2012 6:54:48 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 219177

Yes, good point, but honestly, I'm not worried about missing 120 points... I'm very comfortable and very satisfied, I think the richest cream is already taken out of these markets for this seasonal rally, there's not much left but skim milk and water... if I'm wrong, so what, I don't care... I've been doing this for more than 40 years, so another 120 points before the season top is insignificant to me... realize that I'm not at all saying we already reached a top, I'm only saying I don't find it vital for me to remain long at this point of this rally, we'll probably still inch higher for another few weeks but I'm happy right now, I'm not greedy... my model is still long at the moment, but I'm waiting now for the next sell signal which I believe will eventually come, they always do... GZ

To: SGJ who wrote (30478)	4/1/2012 7:18:22 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 219177

Interestingly, I have both a minor and a major VP at 1421.20 and at 1421.17 respectively, so let's see what happens right there... I forgot to mention in my other post to you that I somehow feel this market is now extremely vulnerable to a correction, maybe more than just a typical pull back... this is part of the reason I feel better being flat right now... I have another major VP at 1436.14 due no later than Monday April 23rd, so I think it's going to be tough going from here on out, just my guess... GZ