Tuesday, October 18, 2011

Taking profits...

The system is selling this rally. However, there is no short signal today...too much potential for continuation. (But also too much risk to hold longs.) I will not need to update again today. Basically, as long as SPY finishes over 121.70, the sell signal is confirmed. If we reverse downward and close below it, it will be a hold signal with more upside expected tomorrow in that case.

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