SPDR S&P 500 (SPY): Lefty, I am curious how you would handle...

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learningboutinv

Re: leftyg post# 54864

Thursday, 07/10/2008 11:38:49 AM

Thursday, July 10, 2008 11:38:49 AM

Lefty, I am curious how you would handle today's whip with regards to your daily renko charts. MVV pierced below $63 intraday (LOD $62.83). But is back up now to $64.20. Do you set your stop slightly below $63 or would your stop be @ $63? or instead do you use the daily closing price as the final determination instead of intra-day price movement?

TIA.

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