nmike

BUYING THE PULL BACKS

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
3
Once the DAILY signal is confirmed you can buy pull backs using the 240 frame.An ideal pull back signal occurs when the STOCHASTIC is close to 20 or below, the TRIX is below mid point and price dips to the bottom of the KC band or close to it. In a steady strong up trend the STOCHASTIC may not dip to near 20 and the TRIX may not dip below the mid point. In strong up trends use the 20MA to buy DIPS.

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