AMEX:SPY   SPDR S&P 500
401 8 5
Just a study. I wonder if we are starting to see weakness or if the poor breadth will only fuel a large rally like the previous time.
Sounds good ..I'll keep my long position that was put on at 192.70 and trail my stops up, waiting to get stopped out .....it might happen tomorrow or 30 days from now.....not trying to be confrontational.....but anyone who gotten long at the low had an excellent trade entry point and was quickly playing with the houses money....and your own analysis shows what has happened each of the prior times these lows were established...any way have a nice night
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Based on the last comment why would you play it tight...based on your own analysis you are showing a setup that has been highly profitable...I would not agree with a profit objective of 2011 in 3 weeks however..perhaps 2004. Also with a winning trade and a great setup, why didn't you just put your stop in at your entry point....and let the trade run using trailing stops......If this sell off has another leg down.....this "bounce" needs to be rejected Monday....if not more buying is coming in and your chasing the trade
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KLang PRO mike.lawler.969
All we have here is a similarity of two retraces. That's all. I'm playing it tight. You can play it any way you want.
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Great work. I am going long on this, with a 2011 target. I hope to get there in 2 - 3 weeks time.
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KLang PRO Nils-ErikMulvad
Honestly, I would play things tight here for a while. I wouldn't swing long under the assumption that we will make ATH again. This is based on an idea that is just an idea and I have not published and is too early to put out there. But I'm a bit cautious to swing.
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I think I more down swing will come and then we will go up…We will go down to 191.2……
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After all this effort...what is your current position.....so many of these contributors make predictions or analysis....but lets cut to the chase.....are you long or short...and when did you get into it
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KLang PRO mike.lawler.969
I''m not here to talk about my positions. But since you asked I bought at the bottom and sold yesterday too early. My buy was based on this chart which I tweeted 20 minutes or so before the trendline touch
snapshot
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