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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 (35819)8/2/2012 8:50:51 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 220946
 
Yes, in fact I'm more heavily short now since I added in this early quick rally... I was very lucky, since I got filled much better than my order... I was buying the TZA for my stock account and placed an order to buy at 19.20, I got filled at 19.00 while it was selling off... the early low was only 18.91 so I was very lucky with that buy... the way things are setting up right now, i think this market could sell off at least into next Wednesday when my near term indicator may be ready for a buy signal... but, we'll see...

GZ



To: penthouse mike who wrote (35819)8/2/2012 8:58:58 AM
From: GROUND ZERO™  Respond to of 220946
 
Notice that the SP futures traded above yesterday's high earlier this morning, and now if we open the markets lower, then we'll have bearish divergence between the SP futures and the SP cash... if it holds into the close today, then we should see more downside follow through tomorrow...

GZ