pintopower...I will review this weekend but less likely after
today's move (not yet invalidated). Irregardless, one should
be trailing up stops and be on the lookout for a pullback.
The nature and extent of any such pullback will be more
telling. Again, this is all secondary to managing your existing
trades and looking for new objective entries. There have been
NO daily or weekly sell signals since during this uptrend so we
remain with the trend by trailing up stops.
What if your trades are weekly. It is not secondary then as you
401k dry paint system has been in cash since March. So it does
matter. We are at new highs
Ducati..if your trades are weekly then you should still be LONG
as we have yet to get a SELL signal on this move up. The only
ones short are those guessing tops and we have yet to get a
reversal on the weekly charts. Did I not clearly say last weekend
that the SPX would need to break below 1923 to reverse? I
suggest you listen closely to the weekly chart comments. I
sent you a Private Message to reach out to me with any
questions.
Steve- so is the ABC down
Hedges
Posted by pintopower on 31st of Oct 2014 at 02:43 pm
Steve-
so is the ABC down no longer valid?
pintopower...I will review this weekend
Posted by steve on 31st of Oct 2014 at 02:48 pm
pintopower...I will review this weekend but less likely after today's move (not yet invalidated). Irregardless, one should be trailing up stops and be on the lookout for a pullback. The nature and extent of any such pullback will be more telling. Again, this is all secondary to managing your existing trades and looking for new objective entries. There have been NO daily or weekly sell signals since during this uptrend so we remain with the trend by trailing up stops.
What if your trades are
Posted by ducati on 31st of Oct 2014 at 02:54 pm
What if your trades are weekly. It is not secondary then as you 401k dry paint system has been in cash since March. So it does matter. We are at new highs
Ducati..if your trades are weekly
Posted by steve on 31st of Oct 2014 at 02:56 pm
Ducati..if your trades are weekly then you should still be LONG as we have yet to get a SELL signal on this move up. The only ones short are those guessing tops and we have yet to get a reversal on the weekly charts. Did I not clearly say last weekend that the SPX would need to break below 1923 to reverse? I suggest you listen closely to the weekly chart comments. I sent you a Private Message to reach out to me with any questions.
HERE IS THE CHART:
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=4&mn=0&dy=0&id=p37726897594&a=229297935&r=1414782047264&cmd=print