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


To: codfish23 who wrote (86634)9/12/2016 11:41:45 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 223302
 
Probably a very good idea... UNLESS... there's the outside possibility that we saw an upward breakout of a very broad one year inverted HS for the SP and now a successful retest of that breakout line... if so, then the selling may already be over... of course, this is only one possibility but worthy of serious consideration... on the other hand, if we break down from the nearest VP and begin hitting the lows again then scratch this breakout scenario... meanwhile, I'm just holding the longs I bought this morning for all it's worth...

GZ



To: codfish23 who wrote (86634)9/12/2016 1:00:29 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 223302
 
We've already blow through 3 consecutive VPs after a modest pause at each one... incredible market... I'm just going to hold my morning buys and see where it takes us... I think we may have seen the bottom... YIKES!!!

GZ