this is it....maybe...the 50 day on the SPY was shakey this afternoon..be very careful if u r long!!!!!!!!!!!!!!!
One doesn't go short in a market that only goes up. Eventually it will go down, but not until it does. And until it does, it's only going to keep going up.
Last I checked, the daily TL that supported the rally since March was broken last week. Just make sure you're not the last sucker holding the bag.
trend lend, schmend lines. i'll be a believer in down when 1k on the S&P breaks (i may even get nervous at 1020)
Long/intermediate/short term trend remains UP. To preserve it, I wouldn't really want to see a CLOSE below 1040. If that 1030 - 1020 area fails to provide support on a market drop, it's going to be watch out below!
Exactly! Who said that I'm using those parameters to define the trend(s)? LOL, cheers lumpy, it's always fun talking with the ET Braintrust.
Another thread polluted with mandie's insults and trash posts. Hey kiddo, I already knocked you out with my left a couple days ago... http://www.elitetrader.com/vb/showthread.php?s=&postid=2625284#post2625284 Now you're asking for the right?