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

To: novice_trader_81 who wrote (36326)	8/13/2012 9:25:59 AM
From: Hawkii	Respond to of 218769

So potentially the futures took out the high but the cash may open lower and if high not taken out - divergence.

To: novice_trader_81 who wrote (36326)	8/13/2012 10:05:33 AM
From: GROUND ZERO™	Respond to of 218769

For clarification, when I said "aggressive" I more specifically meant more risky... from now on, I'm going to use the term risky buy signal instead of aggressive buy signal since it was so easily misconstrued, since the signal was triggered while the markets are still overbought according to that same indicator... the SP is still hanging around the two major VPs and the near term indicator is still over bought even though the sell signal was nullified... buying here is especially risky and "aggressive," I would rather be short, and I am short right now... GZ