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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 (39349)	10/24/2012 10:37:40 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 219202

For today, we would need a close above 1449.20 to confirm a new main model buy signal... not likely today unless bernanke says something extremely bullish this afternoon at 2:15 pm... GZ

To: penthouse mike who wrote (39349)	10/24/2012 10:50:00 AM
From: GROUND ZERO™	Respond to of 219202

Now also long the DOW... GZ

To: penthouse mike who wrote (39349)	10/24/2012 11:43:21 AM
From: GROUND ZERO™	Respond to of 219202

I just went long the U.S. Dollar... and dumped the long silver... GZ

To: penthouse mike who wrote (39349)	10/24/2012 12:13:21 PM
From: GROUND ZERO™	Respond to of 219202

Going flat all stock indices... GZ

To: penthouse mike who wrote (39349)	10/24/2012 12:24:44 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 219202

I dumped all my long stock indices... here's the 360 minute bar chart of the SPY... it needs to get back up above that support line or it will only continue lower... I think it should have turned higher by now, but it's still below that line which will become resistance very soon... GZ

To: penthouse mike who wrote (39349)	10/24/2012 2:16:16 PM
From: GROUND ZERO™	Respond to of 219202

Just got back, love the game!!! bernanke will speak at 2:15 today EST and these market could jolt in both directions, the indices rallied back but so what, I'm flat the stocks and feel good about it... the model is short and we have no buy signal yet, maybe it was foolish of me to jump the gun... I'll just stay flat for now and see what happens after uncle ben speaks... LOL!!! GZ

To: penthouse mike who wrote (39349)	10/24/2012 2:28:44 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 219202

I get the sense that any rally would be only a bounce, nothing more... I'll take the near term signal, but I'll also probably reinstate the short position if this market rallies much... GZ

To: penthouse mike who wrote (39349)	10/24/2012 2:44:33 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 219202

Lightly short here, I think this market has more downside, but I can switch quickly... GZ