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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 (33002)	6/1/2012 2:14:02 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 222565

You make a good point, the model is due for a nice market move after a small string of whips, this is very typical of most all automatic trading systems... but, regarding those triple and quadruple confirmations, I have never seen a triple confirmation in one day until last week, that was a first, and today a possible quadruple sell confirmation, this is all new territory, all unprecedented... this tells me there is something very seriously wrong with these markets, these are powerful signals and cannot be ignored, I think these markets are highly vulnerable for a deep decline right now, and a highly volatile decline at that... Right now, the DOW is down about 280 points, I think this is only the beginning of the decline... I'm very grateful that I'm short... except I'm long gold on a new buy signal this morning, what a mover that gold market is today!!! GZ