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

To: expiredoptions who wrote (43486)	1/9/2013 2:01:05 PM
From: GROUND ZERO™	1 Recommendation Respond to of 220648

We could get a rebound, but overall, this market is really over done on the upside... it would have to break out of this congestion pattern, and it certainly could very easily... but, also, it could begin to fail... i don't need to hope that it rallies, I'm satisfied with my near term profits and will now wait for the next sell signal... meanwhile, I'll stay lightly short until it blows higher, if it blows higher at all... Also, the bonds have bottomed of sorts and the U.S. Dollar is getting firmer, I don't know if this is really good for stocks, but I'm just guessing here... Additionally, the VIX is at the lowest low that it has been in more than a year, I don't know how stocks could stage any meaningful rally at this point... but, who knows... GZ