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 670.97

+0.1%

Nov 7 4:00 PM EST

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To: Kirk © who wrote (49620)	5/3/2013 3:19:34 PM
From: Blasher	Read Replies (2) of 218628

so you see my point . . it was better to have not Opened any Up positions today . . since the Open, SPY has been weak .. now only 30-cents above the Low of the Open. The BEST you can be right now is Up 30-cents .. and most are Down or break-even if they Opened a new position today. Not all Gaps are filled, but most are tested .. which is what I posted about. Now almost 6-hours later, one can be Buying for the same prices or better than they would have at the Open . . . but NOW we have the added information that there was not much follow-through higher and we could see some refill into the Gap next week. However IF one was still feeling very Bullish, they can now still Buy at the same prices they would have this morning .. or lower. This is just a good technique I've learned to follow from my many years of Trading ... breakouts are usually tested. Good Luck !!

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