The SPY Swing System will exit (sell) the current Long
position and go to cash ON THE OPEN Monday (7/09/12).
I will leave all notices up until I get the official price on
Monday's open and then I will update the SPY section and post in
the community. As for the Historical Trades section - that
will be updated to reflect the closed
tradewithin a few days from Monday (and likely Monday
evening).
System doesn't think, just reacts to conditions. The
system was looking to hold the long as a possible trender but the
Gap down Friday triggered a sell and the rally off the intraday
lows wasn't strong enough to negate; thus a sell.
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SPY Swing System Trade Alert
Posted by tom on 6th of Jul 2012 at 03:52 pm
07/06/2012:
The SPY Swing System will exit (sell) the current Long position and go to cash ON THE OPEN Monday (7/09/12).
I will leave all notices up until I get the official price on Monday's open and then I will update the SPY section and post in the community. As for the Historical Trades section - that will be updated to reflect the closed trade within a few days from Monday (and likely Monday evening).
As always please tradeas you see fit.
going to cash after a 16 pt drop?
Posted by lamb on 6th of Jul 2012 at 10:08 pm
does the system expext a large gap up Mon am?!!
Also, if you read up
Posted by frtaylor on 9th of Jul 2012 at 02:10 pm
Also, if you read up on the system, it tends to close longs at the open of a session, not the close.
System doesn't think, just reacts
Posted by tom on 7th of Jul 2012 at 01:28 pm
System doesn't think, just reacts to conditions. The system was looking to hold the long as a possible trender but the Gap down Friday triggered a sell and the rally off the intraday lows wasn't strong enough to negate; thus a sell.