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watch for a possible breakout above 64.99 it has been confirmed Spy breakout has also been confirmed for a target price of 151.30
Alex, Who or what has confirmed a breakout for SPY and TNA? In the absence of relevant technical information, I don't know what to make of your post.Alex
Well I am not your follower I just wrote what my system tells me I only trade TNA SOXL and XIV I am up 222% since 3 January 2012 Best regards
Sounds like I should be following you...
Didn't get the gap up open today, so didn't add at the open, but did add above yesterday's HOD and at the close. Same game tomorrow: Add on big gap up open and/or above today's HOD. Then we sit back and see what shakes. This move should be erased (statistically) within about 2 weeks and, generally, the move after Fed days is to take back part of the move -- in this case, it's "buyer's remorse". My other indicators finally (finally) registered panic buying today (they've been very quiet for quite some time), so that bodes well for a fade play on a gap up open tomorrow. For SPX, though, as long as they hold 1445, the bulls still own this. Bears need to clear that (w/gusto).
J,I saw a study somewhere (could be Marketsci.com) that mean reversion has not been working in this market. I was wondering what percentage of the Composite signal is due to mean reversion and what to trend.Thanks,Alex
Good question, I'll answer later on...