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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 (39885)	11/5/2012 10:14:42 PM
From: GROUND ZERO™	2 Recommendations Respond to of 218821

Uh oh, I'm busted!!! You have me there... LOL!!! Yes, I do have tons of confidence in my models, but I never like getting jerked around with something as important as a Presidential election... very possibly, nothing will happen and this market will just rally, but maybe not... also, to be very open about it, the Thursday to Friday phenomenon which I showed you last week is not positive right now... yes, the NT has turned higher again today, but is still in overbought territory... all in all, I feel better being flat, maybe I could call it an overnight vacation... GZ

To: penthouse mike who wrote (39885)	11/5/2012 10:27:27 PM
From: GROUND ZERO™	Respond to of 218821

FOR TUESDAY, A CLOSE BELOW 1398.40 WOULD CONFIRM A NEW MAIN MODEL SELL SIGNAL... GZ

To: penthouse mike who wrote (39885)	11/6/2012 6:23:57 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218821

Well, the futures are higher this morning, but I did get a solid night's sleep last night, that was well worth the trade off, missing a few overnight points means nothing to me... I personally don't need to stay in a position overnight to take advantage of my models, I think you already know that from how I trade... I never like getting married to any position, I can always get back in at any time, I can always find a comfortable place to re-enter... I also think Keith Feral is right about the real rally beginning closer to Thanksgiving... initial starts typically stumble because too many people pile on too quickly and these markets will not travel with everyone weighing it down... This attached chart linked below is definitely encouraging... and now that I had a chance to think about your comment, I realize my skittishness has everything to do with the fact that these markets have been manipulated for so long now, that I find it difficult to believe it could still move higher without a legitimate correction... but, as usual, I could be wrong... clearly enough, my models have been right and I shouldn't have to think at all despite the fact that I am human and tend to over think... LOL!!! Message 28525121 GZ...