3 replies to this topic

[hiker]

so will this t/l offer support or do horizontals from long-term daily matter more? 1525 1476 1447 1432 1404 1370 note the late Aug low was 1432.01 so these horizontals have continued to be in-play , even though they are based on many mos/years of chart look back

Edited by hiker, 10 September 2007 - 10:34 AM.

[rkd80]

are you still flat - or considering going long?

[hiker]

only playing SPY without leverage lately have been in and out 9 roundtrips today not sure it is useful what my current trade is I am long SPY with tight leash....makes sense to try the d/t line retest....I have been only daytrading lately if the 3min SPY price action is going to turn up the 5 and 15sma's on the 3min...better it do it soon...I have already exited long

Edited by hiker, 10 September 2007 - 10:31 AM.

[hiker]

will 1447 horizontal now become resistance on a daily and weekly closing basis?

in past weeks, 1476 has been closing basis weekly R.