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ouch!


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#1 tommyt

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Posted 05 September 2007 - 10:44 AM

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?

#2 hiker

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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