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

To: Vendit™ who wrote (44177)	1/18/2013 9:53:14 PM
From: Joseph Silent	Read Replies (1) \| Respond to of 218603

Hi Vendit ..... I suppose I ought to be a more careful with terminology. I meant something very simple (and I think I picked the phrase up from some TA guru) . Oscillators (a class of indicators) go up and down. Think of going up as being set, and going down as being reset. You already know the meanings of these things. So I was being simple-minded. It's another way of saying overbought and oversold. Language is such a problem in communication. I think the majority of communication fails because (a) people assume they understand one another when (b) they really don't due to umpteen reasons (background, conditioning, different meanings, assumptions, etc). I hope I did my little bit to help. Sorry about the casual terminology. :)

To: Vendit™ who wrote (44177)	1/18/2013 10:06:56 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 218603

I spent some serious time looking over the market charts this evening... this market defies gravity... three weeks ago it had an explosive higher gap up opening on a Monday... it did nothing but rally ever since... with a quick overnight sell signal it gave a model buy the next morning and hit the major VP within a few hours... that VP only stopped the rally for just one day... if this market doesn't collapse under its own weight, then this market could gap up again on Tuesday and explode higher again... with the FED printing and pumping $85 billion into these markets through the banks every month, there's no reason the SP couldn't reach 2000 in no time flat... I've never seen such force in these markets, I may as well just stay long and not even blink... GZ