SPDR S&P 500 (SPY)

[2bit-nothing]

Folks,

I sense most posters in this board are bears and I could not help but post a trading 101 chart here. Watch major turns using ema7/ema20 cross over. As Scamman used to say "keep your trade as long as it is above/below ema20 and use ema7 to take profits as much as you like". This is the Tarzan trade. Now the second confirmation is the CCI 18 which gives a buy/sell signal when it crosses the centre line. So theorectically you would just make two or three trades since the beginning of the year and ride the profits both ways. Now just look at the hook up of most current CCI and since price is still sitting on ema7 therefore one would expect more upside to go. It is still up until it isn't. Now, then why do so many of us still have the wishful thinking that the market is going to fall. It will but not now...

good luck everybody

2bit