Seriously? all the way to 152.87 just to turn around and head down? Seriously?
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Too many things are possible at the moment, a double top, an inverse head&shoulders, a minor correction, or a crash. Let’s remember the sequestration issue that was not handled, and no matter how much the market ignores it, sooner or later it will hit.
If you are following my twits you know that the system signaled a short opportunity on the spy this afternoon at an hourly close below 151.46. Unless there are surprises tonight, like a midnight deal, I fully expect it to be triggered tomorrow.
Battle Plan 2/28/2013
Will have to see how strong is the pull back, but in principal I am going to go short under 151.46 or long if we go back up over the H&S neckline. Will keep updating on twitter.
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