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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 (49644)5/3/2013 4:07:53 PM
From: GROUND ZERO™1 Recommendation  Respond to of 218599
 
No, I was just going to post to you, I went lightly short... probably a mistake, but i think today was overdone... this doesn't mean this market won't or can't go higher, but I'm never comfortable holding anything long over the weekends... I'm lightly short the SP and the RUT, and also short gold and silver per the model's failed gold buy signal today...

GZ



To: penthouse mike who wrote (49644)5/3/2013 7:40:37 PM
From: GROUND ZERO™1 Recommendation  Read Replies (1) | Respond to of 218599
 
After looking at the charts in the quiet of the early evening here, I'm thinking we could be looking at an exhaustion gap today instead of a breakaway gap... who knows... the major market indices are all above the keltner and BB upper bands... this is extremely unstable and way over done...

GZ



To: penthouse mike who wrote (49644)5/6/2013 9:46:49 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 218599
 
Before you ask, yes, still short the SP and the precious metals... for now, anyhow...

GZ



To: penthouse mike who wrote (49644)5/6/2013 10:15:48 AM
From: GROUND ZERO™  Respond to of 218599
 
Putting a break even stop on the short SP and possibly reverse to long, the NT is turning higher...

GZ



To: penthouse mike who wrote (49644)5/7/2013 6:21:53 AM
From: GROUND ZERO™  Respond to of 218599
 
I covered last evening and went lightly long the SP since there was no real weakness and the VP hadn't done much more than its minimal best... we had company so I didn't have real time to post anything... I still don't trust this market but I'll stay with the model until we get to the next higher VP or get stopped into a short position on the next signal...

GZ