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S&P 500
5,473.17
(
-0.25%
)
US TECH 100
19,272.40
(
-0.70%
)
Dow Jones
39,134.76
(
0.77%
)
Brent Oil
85.11
(
0.49%
)
Bitcoin
65,059.64
(
0.14%
)
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northam43

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northam43

Re: northam43 post# 1527

Thursday, 12/08/2011 11:43:51 AM

Thursday, December 08, 2011 11:43:51 AM

Post# of 2930
So if the SPX Daily goes into a Phase 1 tomorrow, it would just be one day short of it's average. It has meet the average of highs, it is well above it's target high of 1223.30, the current projected low is 1198.57, the average daily low is put in by the 4th trading day, and the average Daily Phase 1 lasts 6 trading days.

So if the Daily dropped to it's target low by Dec 14th, and then back into Phase 2 by Dec 16th. That would be cutting it real close with putting the Weekly in a Phase 1.

So things are looking more Bearish right now. I might be able to sell one of them SPXU positions for a profit instead of a loss.

JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."


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