last week the system missed entering a short, it was fairly
close.
Otherwise if the market were to sell off strong enough and say
go to new lows, the system may also go long! Remember that
while the majority of trades will be shorts (when SPY is below the
long term MA), not all the trades will be shorts, there can also be
some longs. Just like the system will take a few shorts here
and there when SPY is above the long term MA. This has been
discussed before of course and is mentioned in the FAQ.
Honestly I wouldn't mind the long entry after a nice sell off
because the market would be deeply oversold especially if it were
to occur in the 1050 - 1070 range.
Otherwise at this time, no new trade is close either on the long
or short side
Why the lack of posts? Well I think people have already
looked at every possible angle, asked every question imaginable,
and been through every emotion, so until there is a trade, there is
probably not much to talk about.
It's kind of like the dude living in the trailer park who's
already dated every girl living there, until another one moves in,
what's there to do LOL
SPY system comments
Posted by matt on 12th of Sep 2011 at 12:46 pm
last week the system missed entering a short, it was fairly close.
Otherwise if the market were to sell off strong enough and say go to new lows, the system may also go long! Remember that while the majority of trades will be shorts (when SPY is below the long term MA), not all the trades will be shorts, there can also be some longs. Just like the system will take a few shorts here and there when SPY is above the long term MA. This has been discussed before of course and is mentioned in the FAQ.
Honestly I wouldn't mind the long entry after a nice sell off because the market would be deeply oversold especially if it were to occur in the 1050 - 1070 range.
Otherwise at this time, no new trade is close either on the long or short side
When the blog is so
Posted by meve on 12th of Sep 2011 at 03:09 pm
When the blog is so quiet, it's nice to have an update from our fearless leader. Thanks Matt.
Why the lack of posts?
Posted by matt on 13th of Sep 2011 at 10:24 am
Why the lack of posts? Well I think people have already looked at every possible angle, asked every question imaginable, and been through every emotion, so until there is a trade, there is probably not much to talk about.
It's kind of like the dude living in the trailer park who's already dated every girl living there, until another one moves in, what's there to do LOL
How did you find out
Posted by frtaylor on 13th of Sep 2011 at 11:15 am
How did you find out what I did in my youth?
ha ha, hey with all
Posted by matt on 13th of Sep 2011 at 01:56 pm
ha ha, hey with all the comments here over the last month, I figured why not lighten things up a bit
Appreciate the update Matt. I
Posted by pebs on 12th of Sep 2011 at 03:04 pm
Appreciate the update Matt. I had been wondering if we were going to get a signal soon.
Thanks for the update! FRT
Posted by frtaylor on 12th of Sep 2011 at 01:38 pm
Thanks for the update!
FRT