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 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Fintas who wrote (46008)	2/12/2013 4:39:45 PM
From: Augustus Gloop	Read Replies (1) of 221603

<< Hopefully you had considered down before you came in so you can make an informed decision where to size in>> I did but I didn't expect 28 to break this quickly. That's ok - I sold some covered calls and I'm prepared to scale in more at lower levels. 24.75 is the target downside right now on a P&F chart. I use other charts too but these can give a rough estimate that's fairly reliable stockcharts.com I'm not a FB user either but I believe in the brand.

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