Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 690.27

0.0%

Dec 26 4:00 PM EST

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To: Dr. Stoxx who wrote (2713)	1/22/1999 9:49:00 PM
From: Dr. Stoxx	Read Replies (2) of 39683

Here's a possible short. Strong uptrend, that has hit a trading range. Bounced cleanly 3 times off resistance, with a rise in Stochastics (divergence). This one will follow the market. A break below support will signal an excellent shorting opp. If market resumes its uptrend, then the financials are not a good place to look for shorts. SCH: timely.com A similar pattern seen in C, MER.

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