SPDR S&P 500 (SPY): Cool thx i dont think were close to the...

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Re: GuTA post# 162660

Thursday, 10/15/2015 9:28:13 AM

Thursday, October 15, 2015 9:28:13 AM

Cool thx i dont think were close to the handle yet. If you go back to the last one 2011 it took over one year to develop and confirm.
the handle wasnt made until april of the 2012 then the shake out poof next bull market.

Longer the base builds the better.Provided there is no new lows. If this happens to quick its a recipe for disaster as many folks will buy in before confirmation. It will take alot of accumulation by strong hands in the base to support the shakeout on the handle.

Def watch that 50 she is lost ill run in on some LT puts. For now ill just short term trade.

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