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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 (44006)	1/17/2013 1:09:04 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218443

Thanks... I'm going to give it some room because the cash SP market reached within 10 points of a possible major top, presuming the pattern works... so, we could close very strong today, and maybe even open higher tomorrow, and then go down tomorrow throughout the day, which is option expiration day... Here's a very long term monthly chart which I find very plausible... either way, I think this market should weaken some this afternoon... then, we'll see what it does, whether it rallies again or stays mid range into the close... Also, tomorrow is the 18th of the month... markets are the weakest between the 19th and the 28th of the month, the strongest between the 28th and the 6th... in fact, if you buy the SP on the 28th of the month and close it out on the 6th of the following month, and stay flat the rest of the month, you'll make lots of money... take a look at the last 6 months (or longer) of the SP chart and see for yourself... Message 28669297 GZ

To: penthouse mike who wrote (44006)	1/17/2013 2:40:35 PM
From: GROUND ZERO™	Respond to of 218443

Believe it or not, I'm still holding that short position... thank goodness it's only a very light position, I may be crazy but I'm not stupid, i wouldn't risk much on this kind of trade... I still think the VP should take hold at some point, if not today then tomorrow or Tuesday since the markets are not trading on Monday... aside from that, this has been one hell of a buy signal... my early buys in gold and silver more than make up for the day, so I'm happy... GZ