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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: expiredoptions who wrote (46639)	2/22/2013 6:05:22 AM
From: GROUND ZERO™	1 Recommendation Respond to of 218590

Good question, my hunch is probably not... I think this market is still very much in bull mode, the currently confirmed sell signal has seen a better than 35 SP point decline and a 220 DOW point drop so far and my near term indicator as of yesterday has become oversold for the first time in many weeks... so, we could bounce and then decline further, or we may have already seen the typical quick and volatile pull back as of yesterday, I have absolutely no clue... this market has seen those two and three day declines only to resume the rally once again, sort of a quickie type shake out which makes it easier for the market to rally further... Goodness, I only wish I knew, but for myself, I've taken a light long position into the close yesterday and I think I'm just going to hold this long position with a stop and let it run... either I get stopped out with a minimal loss or it goes higher with the market... I also went long gold and silver yesterday and reinstated my short bond position... GZ