Replies to post #87591 on SPDR S&P 500 (SPY)

[Footquarters]

Hi Glen








If you look at my post to smiling on Saturday and the chart with the setting I posted, it probably gives a clearer picture of bull or bear market moves in most of the indexes etc. The 320 MA really only works with those longer term set up being made and since that hasn't happened, doubt if this move is for real(the downdraft last/this year was different from any recent move so the upswing charts may not react as they have in the past). In a perfect world, a down draft and double bottom, would probably have me all in long. The question is where is the right side of the W is. Or what the definition of "is" is LOL..... BTW, thanks for the chart you emailed me. Selling half at support and re-shorting at 1015 ish, or with the slow stoch turn on the 60 min.