Replies to post #56223 on SPDR S&P 500 (SPY)

[leftyg]

Jake..this will probably be my last post on this board. So, especially for you, my friend. I have noticed the same thing..also that the mid index itself is still on an uptrend.

I think the prudent thing to do is sell half of your position to cash, and leave half long if a red box is there at the close. It could well be a one-day wonder, and the trend will continue upward tomorrow.

Bottom line, I will either go entirely to cash, or 1/2 to cash and 1/2 long, if a red box remains filled at the close.

I will not move to MZZ based on what you described. good trading.

[euterpe1]

Jakemem,

How are you setting up your chart. I don't understand the Box size or how to set it. Can you send me a chart that you have set up. Thanks

http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=2&mn=0&dy=0&id=p91983391280