nmike
Long

BUYING THE PULL BACKS

BATS:SPY   SPDR S&P 500
304 6 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.
>>>this last pull back buy is a bit more risky as the MACD is below mid point.Keep stop at last swing low.Last long entry was on Friday's gap up morning open.(mind the gaps)
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>>>>>short term swing traders following this system long, make sure you have a stop at the last pivot low and watch the MACD mid point
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......another BUY ON DIP...
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Followed.
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Agreed.
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Followed.
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