Replies to post #54240 on SPDR S&P 500 (SPY)

[learningboutinv]

Be, I bought some QIDs 1/4 position around ~10:45. I guess we will see with oil. USO is now heading back down. (LOL... How many times has everyone said OIL has topped.) May be they will try to close the USO gap at 113.93. I guess we will see, that should really spark a move up IMO. (EDITed - They just closed the gap on USO @ 11:13.) This is an interesting table that I have been reading in the past 5 mins. I have not verified but here is the article:




http://www.schaeffersresearch.com/commentary/observations.aspx?ID=85674&obspage=1

[GLENO34]

be...We need a close above the 60 min 10EMA..But remember my handy dandy MACD HISTO is below zero and the bars are growing shorter..at some point we will have a upmove..I have the gap marked here but we would have to go to the 60 min 100MA to fill the gap..Just keep and eye on those CCI's..
img src="http://stockcharts.com/c-sc/sc?s=QQQQ&p=60&yr=0&mn=0&dy=15&i=p41978558917&a=54922872&r=2057

[be]

Learning , I am watching your back , we have to watch out for Mr. Market Makers who want to take our money .