Posted by dallassteve on 21st of Jan 2010 at 10:47 am
SPX sliced through its pivot support: looks pretty convincing.
I would appreciate anyone's opinion on what is going on, and
strategies they are using.
I am positioned long the dollar with RYSBX (thanks BPT!)
and short the financials with FAZ. I have drawn a
downtrend line on the linear daily chart of FAZ and it looks like
19.20. 50 DMA is also around 19. I don't expect it to
go straight to that level, and I don't like holding FAZ very long.
All ideas appreciated.
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SPX support breached
what the?
Posted by dallassteve on 21st of Jan 2010 at 10:47 am
SPX sliced through its pivot support: looks pretty convincing. I would appreciate anyone's opinion on what is going on, and strategies they are using.
I am positioned long the dollar with RYSBX (thanks BPT!)
and short the financials with FAZ. I have drawn a downtrend line on the linear daily chart of FAZ and it looks like 19.20. 50 DMA is also around 19. I don't expect it to go straight to that level, and I don't like holding FAZ very long. All ideas appreciated.