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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 (39539)	10/28/2012 7:21:05 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218931

No, I went short on the opening at 1406.40... I should have posted it here, sorry about that, I was responding to tons of emails... frankly, even though the chart looks somewhat positive, I have reason to believe this market is hanging by a very thin thread... of course, if we rally tomorrow and get a main model buy signal this week, then I'm wrong, but I have noticed an interesting phenomenon which I'll share with you here right now... I've noticed that the price change from Thursdays to Fridays are revealing... over the last 6 weeks or so, the price changes from Thursday to Friday has been more than from Friday to Friday... i think Friday's prices action tells us how weekly traders are squaring their books... I could be very wrong, but if you chart this phenomenon, you'll find that the relationship turned bullish near the market lows last June and began to turn downward earlier in October... I think this market is vulnerable to a serious decline of another 50 to 100 SP points... just my impression based on this data... GZ