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northam43

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northam43

Re: rab120 post# 34348

Thursday, 12/13/2012 11:30:00 AM

Thursday, December 13, 2012 11:30:00 AM

Post# of 34760
Rab120 - I'll just stick to my system. The SPX has been overdue for a 60 min correction, the Daily is also overdue, however, at the beginning of a Weekly Phase 2 they get extended. The last 60 min Phase 2 lasted 24 trading hours, well above the average.

I have a SSO stop loss in at 59.74, that's around the Weekly EMA 3, if the SPX drops below the Weekly EMA 3 that would be an indication of the Weekly going back into Phase 1, I will probably then buy some SPXS.

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


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