Thursday, March 16, 2006 7:52:38 PM
gloe, S&P
my main focus has been Q's & SMH and have to say, i have been inconsistent with S&P readings ytd,
6 days ago, i thought S&P's lower trendline had broke only to get a break-out yesterday.
So, what to do?
S&P upside target is 1350, thats only 3% away, little reward for the risk, and we will not get that 3% in the next week, So i scaled back my S&P expsoure and will call today "good training"
i'm mainting the 20% exposure based on daily stoch and daily macd
S&P channel
S&P 6 days ago
my main focus has been Q's & SMH and have to say, i have been inconsistent with S&P readings ytd,
6 days ago, i thought S&P's lower trendline had broke only to get a break-out yesterday.
So, what to do?
S&P upside target is 1350, thats only 3% away, little reward for the risk, and we will not get that 3% in the next week, So i scaled back my S&P expsoure and will call today "good training"
i'm mainting the 20% exposure based on daily stoch and daily macd
S&P channel
S&P 6 days ago
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