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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: GROUND ZERO™ who wrote (11903)10/29/2010 11:01:09 AM
From: TraderMann  Read Replies (1) of 152591
 
As long as we hold above Wednesday's low of 1172 (which I believe is your sell signal), then we are fine and should move higher. It looks like the 1177 pivot will be tested yet again and if it holds I feel we move higher... I may have just jumped the gun by a few days. :) I said a week ago that this 1177 pivot was very important and should hold if we are to go higher. We tested the 13dma and it seemed to hold with a slight move (1 1/2 pts.) below on Wednesday. Per the TA and charts we move higher. I feel we will stretch the rubber band (market) again before a larger correction will happen.
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