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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 (52094)	6/20/2013 6:15:13 PM
From: GROUND ZERO™	Respond to of 220480

Great questions, and yes to both questions... the first confirmation would still be a confirmed sell signal regardless of what happens with any subsequent signals... in other words, if a higher signal is confirmed but lower sell signal is not confirmed, then it would obviously be a rejection of that second signal and the market could therefore rally the next day, but the first sell confirmation still means the main model is officially short despite the rejection of the second signal... the market could just bounce the next day and then attempt to penetrate that second sell point that very next day... this is what happened last week when we had no less than 3 rejected buy signals in 3 consecutive days only to be confirmed on the 4th attempt... however, that didn't happen today... all 3 signals were clearly confirmed... great question, thanks for asking... GZ