SPDR S&P 500 (SPY): Gleno, this is an important observation....

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Re: GLENO34 post# 90012

Thursday, 10/29/2009 6:35:08 PM

Thursday, October 29, 2009 6:35:08 PM

Gleno, this is an important observation. My favorite swing-traders take inside days very seriously, in particular when they are accompanied by a “narrowest range / last 4 days” and appear in the context of a reversal. We have many of those tonight. I need to do some work to screen about 120 symbols. In essence I am looking for those who are ready for an impulsive move. Then, I would like to get a hint on the direction of that move. Indices might not be the most interesting play right now.

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