Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 672.07

-1.7%

Nov 13 4:00 PM EST

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To: chartseer who wrote (26857)	11/23/2011 2:02:46 PM
From: Chip McVickar	Read Replies (1) of 218768

cash chart shows this.... a 75% retracement at 1129 ± with 1158 as a 1.618 well right now off what the pitchforks are saying... if you not short from hirer up forget about it wait to see how price reacts after the time gap... price might hang here.. but imo we will close the gap and touch that close median line... then see which way its pushed away... at that time a new position can be entertained... JOT posted an example of trading the pitchfork just a moment ago Subject 37195

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