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

To: Kirk © who wrote (37416)9/6/2012 2:46:19 PM
From: Seismo1 Recommendation  Read Replies (2) | Respond to of 221953
 
Haven't we seen this play before? Some European bigwig touts a bond bailout plan that is "sure" to fix everything and equities zoom for a day or two. Then the details, or lack thereof, emerge and the markets sober up.

Now is a good time to take some profits.



To: Kirk © who wrote (37416)9/6/2012 2:58:33 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 221953
 
Very nice work, indeed... my model is more near term than yours, apparently... my model went short on 8/20 and took a profit on the short side as of today's buy signal... other models just stayed long and sweated it out... either way, if one follows a reliable timing model then they should do well no matter what the pundits say...

GZ



To: Kirk © who wrote (37416)9/6/2012 3:33:40 PM
From: novice_trader_812 Recommendations  Respond to of 221953
 
I agree with you. I still see a dip coming before the QE3 talks next week.

No way will QE3 get invoked if the markets are this high. If no QE3, no second term Obama.

And we all know the market has been in his favor. The next 5 days of trading is going to be extremely interesting.

I took half my profits today, because my gut just says this market is coming down so QE3 can get invoked and Obama can win.


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