Strategies & Market Trends | BUY AND SELL SIGNALS, AND OTHER MARKET PERSPECTIVES


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To: GROUND ZERO™ who wrote (30675)4/10/2012 10:19:10 AM
From: penthouse mike   of 50801
 
GZ,

Are you still lightly short the S&Ps? Where would you plan to add to your light short?

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To: penthouse mike who wrote (30676)4/10/2012 10:23:13 AM
From: GROUND ZERO™   of 50801
 
I'm covering my light short right here in this weakness right this very moment, we're at a major VP and passed right through two minor VP's yesterday... I'm going to go flat here and wait, maybe take a light long for a possible bounce, but will not risk much...

GZ

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To: GROUND ZERO™ who wrote (30600)4/10/2012 11:23:16 AM
From: robert b furman   of 50801
 
1371 -1361 next on the list.

Pretty weak bounce at 1377 - support was quickly digested.

Some of my stocks look to need another 2-4 days of down before a bounce.

Thanks for the VP's.

Now I feel like a pro! <smile>

Bob

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To: robert b furman who wrote (30678)4/10/2012 11:30:13 AM
From: GROUND ZERO™   of 50801
 
It does look weak here, not a good sign, but something could happen later today... or it could closed around here and then pop up tomorrow, these VP points generally have a decent effect on these markets, these are exhaustion points where selling dries up, at least temporarily most of the time anyhow... we should see a rally of sorts in this vicinity...

GZ

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To: GROUND ZERO™ who wrote (30679)4/10/2012 11:36:43 AM
From: gastrodoc   of 50801
 
As always, GZ, those of us who lurk here appreciate your insight

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To: gastrodoc who wrote (30680)4/10/2012 11:38:21 AM
From: GROUND ZERO™   of 50801
 
Thanks much... but be sure to follow my model and not me, any time I try to fade my model it nips me on the butt...<g> LOL!!!

GZ

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To: GROUND ZERO™ who wrote (30679)4/10/2012 11:40:08 AM
From: robert b furman   of 50801
 
Just noticed the SPX is due a bounce off its 50 day sma:

screencast.com 

Bob

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To: robert b furman who wrote (30682)4/10/2012 12:06:22 PM
From: GROUND ZERO™   of 50801
 
Well, we approached the second major VP, this should count for something... but, we'll see...

GZ

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To: robert b furman who wrote (30682)4/10/2012 12:15:05 PM
From: GROUND ZERO™   of 50801
 
Well, I do know one thing, this is not a good place to take a new short position...<g>

GZ

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To: robert b furman who wrote (30682)4/10/2012 12:29:04 PM
From: GROUND ZERO™   of 50801
 
It looks like the second major VP may be kicking in right here... so, let's see if we're done with the selling now...

GZ

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