That I've been working on from time to time is showing a rare spike on the way down. unfortunately I was busy doing 12 hour day shifts Or I'd already by long. At this level of reading a bottom is almost always going in and you can play it with a simple trend line. half the time the initial bounce sells off but THE bottom holds and the next bounce is a better buy than the first.
I'm taking a SPY postion this morning. Put me in the camp of those who think there is a good chance that a signficant bottom may have formed.
This Broader Market Indicator
Started by
Sentient Being
, Mar 08 2007 09:38 AM
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#1
Posted 08 March 2007 - 09:38 AM
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~