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

To: edward miller who wrote (83112)	6/5/2016 2:24:35 PM
From: GROUND ZERO™	Respond to of 220726

Thanks for your input, I see what you're saying, but you're not looking at what I'm looking it, the November high was also followed by a higher high but it still went down nonetheless... I'm looking at the most recent 5 day pattern in relation to its current level... I'm not saying it must go down, I agree it does appear to have momentum and all my longer term indicators have turned higher, I've posted that here several times, but for the near term this market is poised for a pull back of some sort... it may not be deep, but it wouldn't surprise me if it backed up before beginning a good running leap over those past highs... Currently, my near term signal is on a sell and my longer term signal is still on a buy... Either way, I don't care, I'm on board no matter which way it goes... I'm merely pointing out that this market appears hesitant and may need to recoup some before the next actual launch... GZ