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

To: Keith Feral who wrote (39474)	10/26/2012 12:35:57 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 219569

I agree, just let this thing run its course, I don't think the selling is really over quite yet... meanwhile, I'm going to stay short stocks and long the bonds, I think that's where I should be for now, anyway... unless this market explodes higher this afternoon, but it has to prove itself to me and do it for real... GZ

To: Keith Feral who wrote (39474)	10/26/2012 1:03:54 PM
From: Mr. Aloha	1 Recommendation Read Replies (2) \| Respond to of 219569

The market selloff hit when AAPL broke its morning low and then broke 600, but overall it has been remarkably resilient. AAPL's below 600 and down over 2%, yet the Nasdaq 100 is barely down. If AAPL can bounce back and stay above 600, the market should be all clear to move higher. AAPL makes up a big part of the stock indices, so the Nasdaq in particular is acting pretty strong considering AAPL's weakness today. On the other hand, if AAPL stays below 600 and weakens further, it will be hard for the market to move higher.