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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 (44742)	1/28/2013 10:03:04 AM
From: GROUND ZERO™	Respond to of 222024

No, it can trade above or below that price on any given day, it would mean nothing to my model... for a confirmed sell signal, it must close below that price on that specific date, and on that specific date only... But, in the meantime, here's why I'm not interested in buying here, or even staying long here... this is the daily SP futures chart going back almost 2 years... what would make this market break above that line now? With a 69 month low for the VIX and the Greed Index at 94%, there is nothing that could make me want to buy or stay long this market right now... it could go higher, but the risk is definitely not worth it, not for me anyhow... GZ