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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 (40268)	11/12/2012 9:28:29 PM
From: GROUND ZERO™	Respond to of 220891

Yes, I'm flat all markets, it's too dangerous here in both directions... and there is no lower VP in sight... looking much further out, my formula gives me 1240.30 and 1156.40 both due late next year, but I would be supremely amazed if we got there... but, who knows... if we go into another and yet deeper recession, then it could be a done deal... either way, I wouldn't buy until I get a legitimate buy signal with the main model of with the NT confirmed... GZ

To: penthouse mike who wrote (40268)	11/12/2012 10:04:03 PM
From: GROUND ZERO™	Respond to of 220891

Okay, here's my plan for tomorrow... this evening, the SP's opened at 1378.90 and that was the high of the evening, it sold off from there... if it closes tomorrow afternoon above tonight's opening, then I'm a buyer on the close, 1378.90 is above the VP also... that would be an impressive recovery and reversal, but I would need to see it happen first... anyhow, that's my strategy for tomorrow... otherwise, I do nothing all day and wait for that possible opportunity to present itself... GZ