Replies to post #49587 on Short Term Trading Member Forum

[Oddlot]

True, but IMHO unlikely. On the daily SPY, plot centered ma's for 37,19, and 9 days and extrapolate to an intersection. That is halfway down from 291-292, and projects a solid low already seen. But, you may be right, since you are the Deva...

Oddlot

[Chuck703VA]

I'm on the rally wagon going up the mountain, BUT

I'm expecting this to break down as the path gets narrower and the wagon is going off the side......

...and, I hope I'm wrong.

[DowDeva]

Looks like the positive divergences won short term and the breakout on he triangle points to the 282 area mentioned before.

Will be adding long term puts on each step of the rally.

One step at a time...