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

To: SGJ who wrote (40151)	11/9/2012 12:40:10 PM
From: GROUND ZERO™	Respond to of 218589

A close above 1394.70 on Monday, November 19th would do the trick... I think I posted this in the VP post... or for today a close above something like 1429ish, not too likely for today, but the 19th turn date for 1394.70 is very doable from here... GZ

To: SGJ who wrote (40151)	11/9/2012 12:42:18 PM
From: Keith Feral	Respond to of 218589

The sell signal in the market has basically been in place since early September. What's the catalyst to drive the market any lower - the fiscal cliff? I think not, yields are only going to go so high before buyers step in again. This market isn't run by human emotions, it's run by computers. We get to near exact peaks across every sector, and near exact troughs. Humans aren't smart enough to extract that kind of precision, but computer programs are designed to do just that. Sell offs like these are nice forms of economic stimulus. Rates are back at 1.60 and oil is back to $85. Seems like rock solid support to me, especially with Q3 GDP growth estimated to be above 2% this quarter. As long as oil stays around these levels, I think we could see more than 2% again this quarter.