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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 (46368)	2/19/2013 9:04:29 AM
From: GROUND ZERO™	Respond to of 221849

Yes, definitely... but from the looks of the chart, I think the next overhead VP could be very nearby... this market is apparently struggling right now to continue higher... but, we'll see what today brings... the buy signal could fail... so, who knows... GZ

To: penthouse mike who wrote (46368)	2/19/2013 11:21:34 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 221849

Just looking ahead, provided today's buy signal is confirmed, the new minor VP is at 1522.60 and has already been exceeded... the next higher major VP due no later than this Friday is at 1527.60... this means that we must close above 1527.60 on Friday for this rally to continue... and from the way this market has been moving and holding up recently, I think it will close above that price and continue higher... frankly, I'm actually thinking about leaving my new longs in place while I'm gone and just put a stop somewhere... that may be crazy because almost EVERY time I take a cruise, this market crashes... GZ