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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 (30871)	4/16/2012 5:37:24 PM
From: GROUND ZERO™	Respond to of 223665

Just above today's high... I don't particularly like that spot, but I don't want to give it all away... if the market is still going down, then we shouldn't rally above today's high... GZ

To: penthouse mike who wrote (30871)	4/17/2012 6:50:05 AM
From: GROUND ZERO™	Respond to of 223665

So now I'll probably get stopped out of that short, but if so, it means a buy signal is nearby, so either way, I'll be on board... also, if we take out yesterday's high, then we'll already have an outside day today since we've already taken out yesterday's low during the overnight session, this is also positive for a move higher... so, my gain on the short side would be reduced but still with an overall gain on the sell signal, provided I get stopped out... I'm also very glad I reinstated the TBT late afternoon as I mentioned... GZ