SPDR S&P 500 (SPY): i don't look for a cross to short...i lo...

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Re: GLENO34 post# 107838

Thursday, 07/29/2010 1:01:02 PM

Thursday, July 29, 2010 1:01:02 PM

i don't look for a cross to short...i look for a backtest after the cross...i took a short at the failure of the 13sma to hold...that and many other factors...when they cross over, we typically see prices rise back up and test the 13 sma, then the 89sma as it flattens out...then, if the market is weak enough a new down will commence and the 89 will start to trend down

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