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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 (40431)	11/14/2012 10:13:58 PM
From: GROUND ZERO™	Respond to of 222757

Yes, absolutely, the main model is short, but it has been short from 1407ish, so right now would not be a good place to enter a new short position... I had a very good day today, I made good money on my hedge and made more than what I lost on the long side completely, so it has been a very profitable week... I'm very happy to be flat right now and not mess with this market until I get a new main model buy signal... it's too risky right here... unless I see a clear opening, but that remains to be seen at the time... I probably should have kept the long gold and silver although they're both lower right now, so I may take another look at that tomorrow... Using the main model formula, gold is now at an upside minor VP, so it could struggle a bit here, but i think the chart looks much more positive than stocks at the moment... GZ

To: penthouse mike who wrote (40431)	11/14/2012 10:28:39 PM
From: GROUND ZERO™	Respond to of 222757

I think if we rally up to 1365 or 1370ish, then I'll re-enter a new short position, but that has to happen within the next few days, say tomorrow or Friday, or else no new short... GZ