Tuesday, April 01, 2008 1:56:40 PM
DAILY TREND LINES TRADING RULES:
Here are my lines in the sand:
Recent closes:
VTI high = 134
$SPX high =1352.99
SSO high = 69.24
SDS low = 61.42
(1)VTI is the most important. Why ? Because it is the Total Market Index.IMHO
(2)The remaining 3 are second in importance.IMHO.
(3)The easy part would be all of them to cross the "line in the sand"
(4)Stay tuned at the close.
EDIT: If price was near RSI(14) =30 or RSI(14) = 70
my choice would be easier. IMHO.
Comments welcome.
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