Friday, March 23, 2012

Hold longs...

Hold signal was confirmed. Have a good weekend.

---------------

350p: sell if spy 139.80 or higher. No short position. If below, hold longs.

---------------

It will take a bit of work today by the bulls, but we could see a sell signal with a strong enough finish. There likely be no short signal unless SPX can manage another ~8 pts up today to about 1405.

It's probably looking like a hold signal however.... I will update later. Peace!

7 comments:

  1. Thanks, and good weekend all.

    ReplyDelete
  2. Bam! Big profits. Thanks go out to The Bernank.

    Be on the lookout this afternoon for a possible sell signal or a less likely short signal.

    ReplyDelete
  3. 2:54pm ET: Short signal looking more likely...

    ReplyDelete
  4. Good example of the news not countering the J trader system but aiding in the direction the system picked. Money Money Money!!

    ReplyDelete
  5. :-)


    Anyone feeling comfortable shorting here? If not, then this strong short signal I'm getting has even better chances.

    ReplyDelete
  6. always nervous with a short with the Bernank

    ReplyDelete