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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 (39811)	11/4/2012 7:38:09 PM
From: GROUND ZERO™	Respond to of 218596

Yes, I'm still holding my short SP... I'm also long the bonds and long the U.S. Dollar... my plan for tomorrow is to see how the market behaves before I establish a plan... my hunch is that this market will break lower over the next two days, at least, maybe longer than that... if so, then we could see this SP drop another 60 to 80 points from here, just a hunch... if we hit the main model's sell price and rally , then I would think that would represent a successful test of the floor and I would probably cover my short and go long again... so, it depends on what the market does before I can say what I would do... GZ

To: penthouse mike who wrote (39811)	11/4/2012 9:57:36 PM
From: GROUND ZERO™	Respond to of 218596

I reversed to a light long SP this evening, probably a really dumb thing to do... GZ