Monday, November 28, 2011

Sell/short confirmed.

Assuming today's SPY range does not break to the upside, I can predict the signal.

If SPY closes above 119.60: Sell longs and go 50% short.

If SPY closes between 119.21 - 119.60: Sell longs.

If SPY closes below 119.21: Hold longs.

Again, these numbers are only valid if SPY does not exceed 120.18. If it does, I'll have to update. Thanks!

5 comments:

  1. Thanks for the detailed instructions.

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  2. Thanks guys. How 'bout that last 5-min spike? Wasn't expecting that when I sent my tweet. :)

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  3. Quite an unusual day indeed. But hey - I'll take 291 Dow points any way Mr. Market wants to deliver them :-)

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  4. I actually ended up making money on that trade after all that roller coaster of price movement. Thanks J-trader

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