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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 (44727)1/28/2013 7:47:02 AM
From: GROUND ZERO™  Respond to of 221566
 
Yes, it's a very light short, I can hold it for a long time... once we do see a top of sorts and get a signal, then I'll become more aggressive... but for now, it's just a waiting game... I can be very patient... I think we could see the SP rally not more than another 20 points from here, maybe 30, but the idea of going long here is complete lunacy...IMHO

GZ



To: penthouse mike who wrote (44727)1/28/2013 7:51:26 AM
From: GROUND ZERO™  Respond to of 221566
 
I should also add that I'm also lightly short the bonds, so I'm sort of hedged in a way for the meantime...

GZ



To: penthouse mike who wrote (44727)1/28/2013 9:37:58 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 221566
 
I covered my short bonds here, now lightly short the SP and lightly long the bonds...

GZ



To: penthouse mike who wrote (44727)1/28/2013 9:50:52 AM
From: GROUND ZERO™  Respond to of 221566
 
These markets have a tendency to rally between the 28th and the 6th of each month, but it doesn't mean they will or that they must... I also know that the month of February typically is a down month for stocks... so, I have no good reason to be long here, that's why I'm just holding and waiting it through...

GZ