Tuesday, September 29, 2009

106


Here is an SPY screen shot from my trading platform. Prices are gravitating around 106 and confirming the importance of this level. A base for the shot at new near-term highs? Or a platform for a forward 2 1/2 somersaults in the Pike Position?

A

3 comments:

Anonymous said...

The sharp rebounce of 76% was like the final climax run. With today's minor pull back in 3 waves, there should be another run up to finish wave C5. The primary III might start late this week or next.

Rich

Anonymous said...

SPY .... ATR Trailing Stop Strategy shows 1,5,10,& 15 minute sell signals. Need confirmation from 30, 60, 90,and 240 minute time frames before entering a risk/reward SDS purchase to the short side.
First rule--- Follow the price and trend.
Second rule---Enjoy yourself by reading about Elliott waves, astrological patterns, gravitational pull, and magic.

Third rule--- Follow the first rule.

Anonymous said...

..... Fourth rule......follow the second rule
lol