as far as today is concerned yup. however as of right now im not so sure that the upside is done for now. this could possiblyh spill over into tomorrow (being take back friday) but i wont say that the bull has died just yet. could be another bear trap in the making?
One day at a time my friend, one day at a time. A common logic flaw that most traders have is that some how the market must go from point A to point B. The truth is: NOBODY knows the future beyond the right NOW. That's why everything I do is predicated on POSSIBILITIES and then building IF/THEN scenarios. I'm wrong all the time but I know where/when my analysis is wrong and I know where/when, it is confirming. Once you know this, then all you need to do is how to get out of your own way.
I think this says it all............ <script type="text/javascript">var bfcParams = 'Symbol=SPY,TimeFrame=1-Day,NumberOfBars=100,WebChartID=33de9679-bd22-4a59-9f58-7e6069c17a03';var bfcWidth = '300';var bfcHeight = '250';</script><script type="text/javascript" src="http://www.freestockcharts.com/script/bfcEmbeddedChart.js"></script> a picture is worth a thousand words.
sorry about that........ try this one. <script type="text/javascript">var bfcParams = 'Symbol=USD/CHF,TimeFrame=1-Day,NumberOfBars=100,WebChartID=c0d47f6e-8e0b-4a34-baa9-d4e05f02ac27';var bfcWidth = '300';var bfcHeight = '250';</script><script type="text/javascript" src="http://www.freestockcharts.com/script/bfcEmbeddedChart.js"></script>
% OFF OPEN If I take the morning list as I've always done for legitimacy +3.41% In reality (my personal account) I was only up +2.33% on the day. As I said, all it takes is one good day to wipe out 3-4 bad ones, provided you control your loses and don't do anything stupid.
Nothing there to speak of yet. The SPY rarely has any significant days that you can trade off with any degree of confidence. That's why I trade the whole market (stocks) and not Index futures.