Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: KingHigh who wrote (41182)	12/3/2012 9:23:22 PM
From: GROUND ZERO™	Respond to of 222962

The main model is still on a buy... but also hanging around a major VP while a main model sell signal is still miles below the market... so, at this point it could go higher or sell off... this is why I think it's much more high risk than a plain and simple new buy signal... the signal is running out of time... I certainly don't want to attempt to talk anyone out of being long here because I could be wrong, but for myself I don't like being long around the VP ranges... we also had an outside key reversal today and the near term indicator is also very over done here, I'm expecting to see a NT sell signal confirmed at tomorrow's close... my strong hunch is that the NT sell signal will probably be triggered immediately on the opening tomorrow morning... also realize, the original buy signal was down around 1383.80 or so, the market rallied a good distance from there already all the way up to 1423.90... that's 40 points, that just about a typical rally stretch... so, I'm going to wait for the next sell signal, I think the buy signal is getting old here... but this is only my own personal take on the chart, meanwhile I'm lightly short and expect to see a main model sell signal before this market rallies again... GZ