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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 (40487)	11/15/2012 4:33:00 PM
From: GROUND ZERO™	Respond to of 219363

The NT is still pointing higher but is now more over bought today than it was yesterday even with a down market today... but, I'm sure an NT sell signal is coming soon enough... and on the VP front, none anywhere nearby... we'll need a market rally before I can determine the next nearby VP, not until then... there are two further out VPs for later next year, one at around 1240ish and another at around 1140ish, but they won't be in play for another 8 months provided this market really does go down there... realize, a VP is not a target, just where the market would be over stretched... I'm holding all my positions for now... buying now and making a profit would be more luck than skill, I think this market is too treacherous to buy without a legitimate reason... GZ

To: penthouse mike who wrote (40487)	11/15/2012 7:49:40 PM
From: GROUND ZERO™	Respond to of 219363

I covered my short gold and short silver and went long silver this evening... and I sold my long bond position also this evening... I think we'll possibly rally tomorrow, just a feeling, so we'll probably just crash... LOL!!! GZ

To: penthouse mike who wrote (40487)	11/15/2012 9:49:01 PM
From: GROUND ZERO™	Respond to of 219363

Go figure, I just went long the SP at 1348.00 in the evening session, I think we'll see a rally into the weekend before holiday week next week... GZ

To: penthouse mike who wrote (40487)	11/16/2012 5:57:49 AM
From: GROUND ZERO™	Respond to of 219363

Even though I closed my short gold/silver positions and sold the long bonds, I still have a good variety of short stock index positions as well as long the dollar, but I did go long silver (probably a mistake) and the SP futures last night at 1348.00 since I wanted to reduce my short side exposure, I think we'll get a rally soon enough... just a hunch... although the major trend is still lower... so, if the markets just continue to go straight down, I'll just make less profit, but will still do well, and if the market rallies from here, then my short side exposure is reduced... The NT is becoming more and more over bought even though the markets have been moving lower, I find this very intriguing, this could be accumulation or it could mean something else, we'll know soon enough... and the main model is still short with no changes at all... GZ