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

To: robert b furman who wrote (108951)	7/30/2018 12:18:04 PM
From: GROUND ZERO™	3 Recommendations Recommended By kimberley Machaon POKERSAM Read Replies (1) \| Respond to of 219204

Hi Bob, the NQ is down 1.34% at this moment, it is getting hit, if not clobbered... It looks like the down cycle has begun in earnest and with the FED doing more rebalancing of their books tomorrow... also, the momentum has turned downward along with the weekly NYSE Put/Call ratio... There are too many indicators suggesting a warning right now... It doesn't mean any market is going to crash, I don't know about any "crash type" scenario, but certainly a time to reset and reassess and wait for the next buy signal that will launch the next rally... But for now, I'm not buying any dip, I'm just staying short and will patiently see how far this runs... It could turn back up tomorrow or it could keep on going lower... so far, the indicators are suggesting it will keep on going lower, but we'll see what the market itself decides... GZ