well, my guess was wrong so far...I thought we were going to have a mild (<1%) pullback today/tomorrow in front of the Fri #, in a continueing uptrend...this is more than I bargained for...I did cut some, but still long some and giving back. Anyone get shorty?
ouch!
Started by
tommyt
, Sep 05 2007 10:44 AM
1 reply to this topic
#1
Posted 05 September 2007 - 10:44 AM
#2
Posted 05 September 2007 - 10:58 AM
posted this a while ago in the SPY thread below
OK...now SPY has made a new low, and just now tested the 15min rising 200sma...when the chart includes all extended session data
it is the bottom until proven otherwise..
min. downside risk to:
146.72
146.97 horizontals
the current 60min candle is fully below the declining 15sma on the 60min ...for now
60 min chart says lower prices are possible...no cover signal here if swing trading