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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 (44911)	1/30/2013 11:35:03 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 220710

Still the same, it's moving closer, but not by much... the 1528.90 price above the market is not a VP, it's more like a ceiling price... it would take a near miracle to move above that price, it's not a resistance line in any way, it's a model ceiling price, and it's rare that we ever get near one, but ceiling prices are always there, generally very far above the market, but this time we're approaching one of them... and if it did get up there, then it is very unlikely to close above it today... that ceiling price will probably move lower tomorrow... so now, the market is trapped between a VP which is still below the market and a ceiling price above the market... so to speak, the noose is tightening right now... I suspect it will all come together on or before February 6th, which is the deadline date for this rally to end, according to my model... GZ

To: penthouse mike who wrote (44911)	1/30/2013 11:39:34 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 220710

I'm staying short but I did buy some AAPL again this morning, it seems to be holding and I may get a chart buy signal on it today... I only need a close today a few points above 457.00, which is also today's opening price... GZ

To: penthouse mike who wrote (44911)	1/30/2013 11:43:18 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 220710

Although my main model is still long, it's very legitimate to attempt a light short here since: 1) the rally deadline is approaching, 2) the market is above the VP, and 3) the market is also very near a ceiling price... Getting so close to a ceiling price is extremely rare, I've not seen this occur in years... maybe it could pop above it, but I have to see it happen to believe it... GZ