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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 (51223)	6/3/2013 10:21:03 PM
From: GROUND ZERO™	Respond to of 218547

To answer you specific question, a break down below today's low of 1621.20 would probably nullify that bullish pattern, especially if it closed below that price, but a break below Friday's low of 1627.30 would make me uncomfortable... GZ

To: penthouse mike who wrote (51223)	6/3/2013 10:57:07 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218547

As you already know, I went long some gold today, but I just went long silver this evening... GZ

To: penthouse mike who wrote (51223)	6/4/2013 10:26:23 AM
From: GROUND ZERO™	Respond to of 218547

I dumped my long gold and silver, big mistake trying to guess ahead of the model... still long the bonds, but I think there still may be a rally there... still long all stock market indices at the moment, I'm giving this market every chance to rally... GZ

To: penthouse mike who wrote (51223)	6/4/2013 10:37:07 AM
From: GROUND ZERO™	Respond to of 218547

Now long the U.S. Dollar... GZ

To: penthouse mike who wrote (51223)	6/4/2013 11:10:07 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218547

Dumped all longs... now lightly short... GZ

To: penthouse mike who wrote (51223)	6/4/2013 11:36:13 AM
From: GROUND ZERO™	Respond to of 218547

Long the bonds here again... GZ

To: penthouse mike who wrote (51223)	6/4/2013 12:13:46 PM
From: GROUND ZERO™	Respond to of 218547

If we close today below Friday's low, then hope of any rally near term is probably nil... a close like that today would only further reinforce the sell signal and likely drive this market much lower... it would also be a revisit of those initial downside VPs, not a good sign if that happens... but, it has to happen first, so, let's see what the day brings... GZ

To: penthouse mike who wrote (51223)	6/4/2013 12:35:18 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218547

A bearish chart one day and then a bullish break out chart the next... but, the only thing that is really speaking for this market's direction is the main model... the sell signal is still very much in command... I'm very glad I reinstated the short position after the rally failed in the vicinity of the sell price... GZ