SPDR S&P 500 (SPY): YRT1 The rationale is my long term in...

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Re: youaretheone post# 102507

Wednesday, 05/12/2010 5:38:45 PM

Wednesday, May 12, 2010 5:38:45 PM

YRT1

The rationale is my long term indicator is still a short. That means I should be free to short when it is OB on rallies. I am looking at pattern recognition of Feb4/5 time frame and think there may be a repeat to the downside. If you count the cycle time, last down was 19 days and this one so far only took 12 days. It is a bit short for a down cycle. Besides oil is falling over. Sometimes I look at the average which has not gone beyond 531.19. Everything is riped for a fall. Hey if it continues up, no big deal, I will bail.....

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