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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 (38682)10/9/2012 4:47:23 PM
From: GROUND ZERO™  Respond to of 219319
 
No... actually, it continued to move higher into overbought territory... but, I think tomorrow it would have to give a sell signal, the weight of the market is strongly against it... it would require a huge rally to avoid a NT sell signal now... but, the main model is clearly short right now with a confirmation, that's plenty good enough for me...

GZ



To: penthouse mike who wrote (38682)10/9/2012 4:51:28 PM
From: GROUND ZERO™  Read Replies (3) | Respond to of 219319
 
This is the first time in a very long time that the buy signal closed out with a loss while the market began its decline at the very first minor VP... if this says anything, then it might say that there's some serious weakness in this market and that the sell signal could be more significant.. but, we'll see soon enough...

GZ


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