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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 677.56-2.0%Jan 20 4:00 PM EST

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To: Lachesis Atropos who wrote (39612)5/29/2003 3:11:21 PM
From: Johnny Canuck  Read Replies (1) of 69896
 
It sure looks like it. My sell signal on the COMPX has just negated. T2113: 5.61. Really quite amazing.

A close above 1580. will set the stage for a continued advanced. If you can day trade I would not fight the trend.

For a longer position trade or a few days to a few weeks, the short side is favoured, but wait for the index to break.
It won't break down in one swift move. There is time on your side.
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