AI
Thursday, May 03, 2012 3:55:39 AM
Holding bearish position via SDS at 15.17 with stop 14.69.
The 26 and 39 week cycles have presumably topped, and the 78 week will indicate a top if/when the trendline parallel to the MA97 is breached. Most observers would consider 136 SPY to be an important low, and a break below that would put us on the way to the June lows, and possibly beyond.
The 26 and 39 week cycles have presumably topped, and the 78 week will indicate a top if/when the trendline parallel to the MA97 is breached. Most observers would consider 136 SPY to be an important low, and a break below that would put us on the way to the June lows, and possibly beyond.
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