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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 (42329)	12/21/2012 3:00:52 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 222087

I'm hoping that happens, something over the weekend to end this nonsense, that would be great... this is why I'm not going short, this is also option expiration day and some companies have ex-dividends, so today could very easily be a one day wonder provided this market doesn't begin to hit new lows and the DOW finish down 300 points into the close... that would be disturbing... GZ

To: penthouse mike who wrote (42329)	12/21/2012 8:46:29 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 222087

I'm going to exercise executive privilege here and keep the model long... the mini closed above the sell price while the big contract didn't, the mini is far more liquid than the big one these days... this is what happened last week and a buy signal was almost immediately triggered the very next morning... interestingly enough, if we called the sell signal confirmed according to the big contract, then the lows made last night already hit the major downside VP and rallied back up... also, there is so much more volume in the mini these days than there is in the big contract, and this exact same thing happened last week with a close in the big contract below 1410.00 only to get a buy signal the very next morning automatically... so, I'm going to call it a rejected sell signal... I can only be right or wrong, but I think this decision is sound and reasonable and defensible based on the data I have available to me right now... GZ