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: penthouse mike who wrote (42710)	12/28/2012 10:44:23 AM
From: GROUND ZERO™	Respond to of 222099

The NT moves up and back all the time, the close is important, but it can move in both directions during the day... nothing has changed since yesterday's close, I'm still following my original plan... that market is higher now than it was when the NQ cash market opened, this is bullish to me... until it weakens below the official market opening, I don't see any reason to go short or flat... either way, I will not short, I would only go flat if I'm stopped out... GZ

To: penthouse mike who wrote (42710)	12/28/2012 11:30:59 AM
From: GROUND ZERO™	Respond to of 222099

Okay, now flat all the stock indices... still long the metals and long BAC... GZ

To: penthouse mike who wrote (42710)	12/28/2012 11:38:54 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 222099

Just went lightly short... that should put the bottom in place!!! A tight stop, of course... GZ

To: penthouse mike who wrote (42710)	12/28/2012 12:56:10 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 222099

Mike, the main reason I decided to re-enter a short position instead of staying flat is because this morning's weakness is hinting at a possible second main model sell signal before we see a main model buy signal... also, in this rally, the time on the clock is running out... remember, each rally and decline only have a prescribed period within which to move, and the immovable deadline for this rally is Wednesday, January 10th, and on that day the march SP futures must close above 1466.40 for this rally to continue... also, if we close below 1407.00 (where we are right now) next Thursday, that would confirm a new main model sell signal... so, either this rally is going to have to hurry, or a second major sell signal will be here before we know it... GZ