1 reply to this topic

[hiker]

from my TT blog about how I managed my SPY long held overnight...I am flat now an standing aside a bit.

curious what are your thoughts now that your buy stop at 145.91 was activated?

http://www.traders-t...?...;blogid=26

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have orders to sell current SPY long held overnight at 146.38 to 146.70...may stand aside to assess...or simply put on a new trade once filled

will adjust limit orders to get filled near open

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later update

SPX move above 1459 area of 2006 to 2007 t/l broken last week and above 20day ema is impt.

either use a SPY stop near 145.81 and/or sell some from 146.38 all the way to 147.65 if SPY moves that far which is not expected soon, but surprises to the upside are possible following this move above the broken t/l

SPY 20week ema resides above

Edited by hiker, 22 August 2007 - 08:44 AM.

[hiker]

today's SPX high so far near 1463 represents 50% retrace of the decline from 1555 to 1370.60