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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 (43852)	1/15/2013 3:40:38 PM
From: GROUND ZERO™	Respond to of 219327

The market went ALMOST down to trigger the 5 point rule and then rallied without looking back... I took that as a signal rejection and since it was already back above the sell point, the signal was actually rejected at that time, so I decided to reverse immediately... I could have been chopped up if the market began to sell off again, but it just looked too solid for another decline... so, I though the buy would be safe at that point... also, the NT was beginning to turn higher... GZ