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


To: chartseer who wrote (32836)5/30/2012 8:14:57 AM
From: GROUND ZERO™  Respond to of 222172
 
You may well be very right about the bear market assessment, I've not seen such volatility in these markets in a very long time and for an initial buy signal to be put into question with a second failed buy signal which typically confirms the first signal is something I don't usually see... we're witnessing unprecedented times now... we could still see that second confirmation this afternoon with a close above 1331.50, but until then, I'm happy to be flat...

GZ



To: chartseer who wrote (32836)5/30/2012 12:12:00 PM
From: Roebear  Respond to of 222172
 
chartseer,
RE I am usually always wrong, well, I think you are being too hard on yourself, but as for me I can say I am
usually always early and being too early is nearly as bad as being wrong, gg.

In any case, you have good company from a respected old market sage, Richard Russell, who has declared a Primary Bear Market with a DOW Non Confirmation (DOW high, Transports non confirming). He issued that
warning over the weekend to subscribers according to a friend of mine. I believe he has urged subscribers to the sidelines in CASH.

Best,
Roebear



To: chartseer who wrote (32836)5/30/2012 12:15:45 PM
From: Roebear  Read Replies (3) | Respond to of 222172
 
PS RE Richard Russell DOW non-confirmation signal for a Bear Market, I find it curious I didn't see anything on the news yet about that…hmmmm.