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SPX Week Channels


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#1 AChartist

AChartist

    Tim

  • Traders-Talk User
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Posted 08 June 2013 - 08:40 PM

I suggested last week 1625 target, I should have said 1625 close basis because another
line laid below could be tested.

I imagine at one of the upper lines for 6/22 is where I will put on hedges.
Noting I am saying that money market is not an option, I can move to a hard cash
account. I will not sell alot of stock funds in 401k but add a short fund to get
neutral. I have another monthly peak in Apr 2014, no telling how bad it might
be in between in early fall I am hedging by time about 6/22.
If it is down in early fall is probably just overlord jawboning to rescue the treasuries.

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