khboker
Long

Spy holding its own, weekly,monthly

AMEX:SPY   SPDR S&P 500
80 2 2
Spy             is still holding the long term trend, the 10/50 weekly and the 8/10 monthly. The Ichimoku on the daily is also still holding. the next few weeks should let us see if it is going to move up or down, but looking at the long term charts we will be holding positions until the charts tell us not to. Holding long for now. Read your charts not the news!
Most chartist including myself see one more leg lower, SPY 194.5, before a move higher
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khboker QuantitativeExhaustion
I would have to agree, as a long term holder I only sell on the weekly 10/50 or monthly 8/10 with confirmation settings breaking, so will hold thru the up and down pullbacks and only change asset allocation with a major correction break, but will let the chart do the deciding, I have missed to may buy/sells trying to guess short term, I realized my limit was long term trading. Thanks
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