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Strategies & Market Trends : Value of Perfect Information

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To: rubbersoul who wrote (161)11/23/2008 12:15:03 PM
From: Q8  Read Replies (1) of 262
 
rubbersoul.. well you are correct. The foremost thought in everyone's mind is am I going to miss out on a rally. Here are some tools to help you decide.

We want to see if what we had on Friday was a reversal in trend and not just a bounce. For that to happen SPY must have a high which is greater than 86.87.



See that 86.87 resistance line below... it must be surpassed.



We have a bearish rising wedge with the vix.. let's see if it can break to the downside which will be very positive

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