Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: penthouse mike who wrote (35709)	7/31/2012 9:02:41 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 220889

Not yet... I'll definitely let you know... but also, an interesting phenomenon occurs with my near term indicator... it seems that if it gets too over bought, then it is less likely that there would be a sell off... as if an extremely overbought indicator means a very strong upward impulse with less selling... I don't know if this is what we now have, but I will definitely let you know as soon as a sell signal on this indicator is given... I personally do not intend on taking that signal because I would prefer to see the signal occur at or near a model VP... GZ

To: penthouse mike who wrote (35709)	7/31/2012 9:26:47 AM
From: GROUND ZERO™	Respond to of 220889

Come to think of it, we are at two VPs, so I might just take the signal if it comes... will let you know if I see the signal... GZ

To: penthouse mike who wrote (35709)	7/31/2012 9:36:20 AM
From: GROUND ZERO™	Respond to of 220889

Even with a down market this morning, the near term model is still becoming more overbought, no weakness at all yet... but the signal wouldn't be valid until the close anyhow, if it does occur today... GZ

To: penthouse mike who wrote (35709)	7/31/2012 9:39:32 AM
From: GROUND ZERO™	Respond to of 220889

Bullish DOW/SP divergence on the 60 minute chart this morning, amazing... let's see if it lasts... GZ

To: penthouse mike who wrote (35709)	7/31/2012 9:42:35 AM
From: GROUND ZERO™	Respond to of 220889

Okay, the near term sell signal has now formed, but it can come and go many times throughout the day, it is ONLY valid at the close... GZ

To: penthouse mike who wrote (35709)	7/31/2012 9:53:56 AM
From: GROUND ZERO™	Respond to of 220889

I took a light short here, but kept my core longs... GZ