SPDR S&P 500 (SPY): Ok... I might be classified as one of th...

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learningboutinv

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learningboutinv

Re: learningboutinv post# 57631

Thursday, 08/14/2008 12:31:18 PM

Thursday, August 14, 2008 12:31:18 PM

Ok... I might be classified as one of those dumb traders that farooq was talking about. Against better judgement, and against overall Daily trend which is up, I just entered a 1/4 QID. There's a 5min slimjim, but there's also a 60min double top. Not expecting a big retracement here on the $NDX. But I have my finger on the trigger, and there is positive MACD, CCI, divergence on QID and the ADX-9 line is curling down which means the selling pressure on QID is starting to fade for the VST.

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