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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 (50773)	5/24/2013 10:39:59 AM
From: GROUND ZERO™	Respond to of 219534

Yes, I'm short the SP and I did also take a light short RUT position on that sell wiggle pattern... the day is young, but it looks like this market has finally decided to break... you may be very right, the line could hold for today but then break on Monday when no one can exit since the markets will be close here on Monday... By the way, I also already did take a light long gold and silver position this morning in anticipation of that pending signal... but, jumping the gun is not really safe... GZ

To: penthouse mike who wrote (50773)	5/24/2013 11:04:43 AM
From: GROUND ZERO™	Respond to of 219534

Everyone is so conditioned to expect this market to rally at every minimal decline... it's hard to believe a top of any significance is really in place... but, this is the beginning of the weak 6 month season, so who knows... if we get another signal, it could be a real doozy... either way, I'll just take them as they come... GZ