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

To: giddy guru who wrote (41722)12/12/2012 7:03:51 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 221922
 
No, I see nothing below the market other than just above 1370ish... that's a long way from here... this doesn't mean these markets can't turn higher again tomorrow, but there's nothing beneath these markets right now where I could hang my hat and buy... this market is profoundly over bought right now, at these high altitudes there is very little air to breathe...

GZ



To: giddy guru who wrote (41722)12/12/2012 7:22:37 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 221922
 
Honestly, after thinking about it, I just can't see much more downside for these markets with the FED pumping more than one trillion dollar into them over the next year... so, if you really want to be in these markets, then I would say just buy and hold, but don't overload because that's where you'll get hammered on any decline...

GZ


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