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


To: steve from ihub who wrote (39670)11/1/2012 10:28:28 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 218728
 
Yep, most probably... LOL!!

I'm loaded to the hilt with long positions!!! And I'm just so glad I held all my positions overnight, although early in the evening last night the futures were down big time and I thought I was going to get crushed in another huge down leg today... BUT, NOT NOW!!!

Everyone is caught short, and everyone is expecting this market to go lower, but instead we now have another main model buy signal triggered this morning and I believe this time it's going to hold... if so, then I'm ready to sit back, loosen my seat belt, light up a good imported Churchill and enjoy the rally into late April of next year when the SPs are reaching for 1650... I believe the super rally has begun!!! I'll nickname it the Romney rally!!!

Actually, it should have started yesterday, and I think it did right on schedule, but I also think too many people bought the higher opening and the market couldn't rally with all that extra weight... so, it needed a one day wash out to unload the weak and the nervous before the rally could begin in earnest... just my hunch...

GZ