..so far so good. see 15minute chart
long SPY near the premarket low, and stop will become higher as this goes up...I do not trust the action yet
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btw, it was necessary for me to leave for the day yesterday prior to the last half hour action...SPY remained below the impt 150 to 150.50 zone which keeps me cautious on rallies until move above...so I closed SPY long and initiated short with stop above $150...covered that today..none of usual trade triggers told me to cover though...so I expect I will be flipping back to short...giving this long a try and back short on move below today's low I expect...still planning the trade...just had to pay attention to the first attempt testing the rising t/l
147.82 is today's prmkt low
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closing basis daily with some minor horizontals marked
Edited by hiker, 05 September 2007 - 08:48 AM.