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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 (42267)	12/20/2012 9:05:23 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 221961

No, unfortunately... I saw that we closed at around 1440ish, so I figured there was no need to place a sell order below 1427.50, so I did nothing... therefore, I'm still holding my longs, but I'm really not that worried right now... this pull back is almost exactly a 50% retracement from the recent high to the previous lowest low, and the selling stopped at 1391.50 where there is good support with two previous lows right there... so, I'm just going to hold and not worry... I checked with da cheif, he thinks this is fine and we could actually finish green tomorrow... he makes a very excellent point, that this is a very good shake out before the next rally... I'll just hold and wait it out... GZ