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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 (43888)1/16/2013 6:18:56 AM
From: GROUND ZERO™  Respond to of 218703
 
Good, thanks for the email feedback, I always wonder if everyone is actually getting it...

You're right, the 5 point rule has been triggered... but, I'm still going to wait since the NT turned higher and is no long overbought... so, there are some subtle reason that are keeping me from taking the raw signal itself... I'll explain here...

In the future I may need to distinguish between a near term main model signal and a longer term main model signal, since I'm still refining the model hopefully for the better... if I were to make such a distinction this time, then I would call this sell signal a near term signal, not a major one... it doesn't mean it's any lesser of a main model signal, but that it only means the signal is more near term and that the longer term overall trend is still very much intact... this is why I'm willing to wait... but if it's confirmed, then most definitely I would not hold my longs...

GZ



To: penthouse mike who wrote (43888)1/16/2013 6:42:28 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 218703
 
Okay, just too a light short hedge... this will probably keep the market from moving any lower... LOL!!!

GZ



To: penthouse mike who wrote (43888)1/16/2013 7:34:23 AM
From: GROUND ZERO™1 Recommendation  Respond to of 218703
 
It wouldn't be unreasonable to see a 30 point SP pull back from here for a few days, down to the 1440ish level...

GZ