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

To: John Pitera who wrote (89041)	1/10/2017 5:30:57 AM
From: GROUND ZERO™	2 Recommendations Recommended By John Pitera SGJ Respond to of 220808

Good Morning John, many thanks for your assessment... my models says the same thing, right now my near term signal is short from 2272.80 in the March SP contract, that can change at any time, but all my other indicators are pointing higher, my broader term indicator is long and my long term indicator has been long this go round from 2168.20... gold also very well may have made a very major bottom and my model has been long February gold from 1133.30 except that it's a bit over bought at the moment although it could still keep moving higher and remain overbought while it continues to rally, bull moves can remain overbought for a very long time and still rally, the overbought condition in a bull move is where people go short for the wrong reason and then get trapped like a fish in a gill net... GZ