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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 (45281)	2/4/2013 6:16:06 PM
From: GROUND ZERO™	Respond to of 220815

In memory, I cannot recall when the market successfully penetrated through a ceiling price... it did last night for only five minutes, and then the ceiling was sealed shut... and right now a main model sell signal has been trigger in this evening's session since it opened below 1499.70... we now need to close below that 1499.70 tomorrow to confirm this sell signal... and then, we'll see something between a quick pull back to a significant and long lasting top... no way to know right now... GZ

To: penthouse mike who wrote (45281)	2/4/2013 6:35:24 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 220815

Went long gold this evening... it looks promising... still short the SP and long the U.S. Dollar, so don't ask my why gold looks positive from here... but, I did go long this evening... GZ

To: penthouse mike who wrote (45281)	2/5/2013 5:51:10 AM
From: GROUND ZERO™	Respond to of 220815

Although reaching a ceiling price at any time is very rare, they only exist for the particular date they occur, it's not a permanent trend line or resistance line that exists on the chart, my model doesn't work that way... for today, if we move above 1499.70 this morning, I'm covering my short and taking a light long... I'm not going to go against the market if a sell signal is no longer active... GZ