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Strategies & Market Trends : Befriend the Trend Trading
SPY 691.72-0.1%Jan 16 4:00 PM EST

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To: Patric who wrote (2417)12/12/1998 6:28:00 PM
From: Caroline  Read Replies (2) of 39683
 
timely.com

See the price hitting support three times? Late August, mid October, late November. Solid support at $12.

Had the last bottom not been made, the pattern would have been a double top at $17-18, mid September, beginning of November.

The last few days' slide has me a little worried though. I'd like to believe it's a fake-out, but the stochastic is showing little support. A break below 12 is a sell.

CB
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