NEWS
I wouldn't be surprised if his Mar date isn't a low maybe.
Frankly I think any long only trader could call it quits here and take the rest of the month off and not worry about too much upside based on many metrics.
For instance, I see today SPX bullish percent equalled the highest level in 3 years which was Sep 09.
In Sep 09 we topped 3 days after a 9 seq daily upmove. We got a 9 day seq upmove last Friday so.... Yes it only gave a 7 trading day down move but upside after that was a weak trend.
By the by, a doubling of the Mar 09 SPX low is 1333.58 to be exact.
tuesday trading!, page-15
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Last
8,300.2 |
Change
15.000(0.18%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,285.2 | 8,317.7 | 8,244.3 |
| XJO (ASX) Chart |