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!
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5 comments:

  1. jimNovember 28, 2011 at 3:26 PM

    Thanks for the detailed instructions.

    ReplyDelete
  2. OldeeeNovember 28, 2011 at 4:06 PM

    I second that!

    ReplyDelete
  3. JamesNovember 28, 2011 at 4:13 PM

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

    ReplyDelete
  4. MicheleNovember 28, 2011 at 4:23 PM

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

    ReplyDelete
  5. ChrisNovember 28, 2011 at 4:38 PM

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

    ReplyDelete

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