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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 (36328)	8/13/2012 9:41:05 AM
From: Lazarus	Respond to of 218756

I have been looking at the RUT chart and it looks bullish to me..... makes me very wary of going short here.

To: penthouse mike who wrote (36328)	8/13/2012 10:15:51 AM
From: GROUND ZERO™	Respond to of 218756

There may be something to it, but not in my models... maybe some stock is very strong today, but the overall market is still overbought and I'm already getting another near term sell signal right now which needs to be confirmed on the close today... GZ

To: penthouse mike who wrote (36328)	8/13/2012 2:10:07 PM
From: GROUND ZERO™	Respond to of 218756

Shorted gold and silver lightly... GZ

To: penthouse mike who wrote (36328)	8/13/2012 3:22:35 PM
From: GROUND ZERO™	1 Recommendation Read Replies (1) \| Respond to of 218756

Mike, if you want to see divergence today, then you can see divergence between the SP futures and cash... the futures made a higher high today, the cash did not... this is bearish divergence and is negative for tomorrow if this divergence remains intact on the close... GZ

To: penthouse mike who wrote (36328)	8/13/2012 4:06:30 PM
From: GROUND ZERO™	1 Recommendation Read Replies (1) \| Respond to of 218756

THE NEAR TERM SELL SIGNAL WAS CONFIRMED (AGAIN) ON TODAY'S CLOSE... DISCLAIMER: The above information is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell, or hold any security. This is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice, or legal advice. By accepting and/or using any information contained within this post clearly illustrates that you fully understand and agree to the above terms. GZ