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

To: GROUND ZERO™ who wrote (40470)	11/15/2012 1:04:25 PM
From: Walter2012	Respond to of 219468

Hi GZ, The main model sell signal from the 7th proved to be a valuable signal to observe - thank you. With the downside VP of 1374 no later than the 29th having been achieved in short order it is my understanding from reading your posts that currently there is no new downside target (VP) for your model. According to your familiarity with how your system works - it will now take a market rally to generate another downside VP - correct? Does this happen with your model often in sharp declines? Where the first downside VP is achieved very quickly and then a rally or some time must pass before it generates a new VP? You mentioned 1270 as a possible target - is this your gut feeling or is it based on what you expect your model to produce? TIA Bryan