Friday, March 23, 2012

Hold longs...

Hold signal was confirmed. Have a good weekend.

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

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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!
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7 comments:

  1. johnMarch 23, 2012 at 4:52 PM

    thanks

    ReplyDelete
  2. AlgyrosMarch 23, 2012 at 9:00 PM

    Thanks, and good weekend all.

    ReplyDelete
  3. JamesMarch 26, 2012 at 11:01 AM

    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
  4. JamesMarch 26, 2012 at 2:54 PM

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

    ReplyDelete
  5. JoeMarch 26, 2012 at 3:15 PM

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

    ReplyDelete
  6. JamesMarch 26, 2012 at 3:20 PM

    :-)


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

    ReplyDelete
  7. johnMarch 26, 2012 at 3:23 PM

    always nervous with a short with the Bernank

    ReplyDelete

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