Luna $ Ticks

November 3, 2008

All Quiet On The Waterfront

Filed under: Trading SPX SPY — moontrader @ 5:51 pm

Nothing much to say In a day that went mostly flat. Except that SPY closed above DMA 7×5 again, which I see as a sign of strength:

Thus, the scenario of a rally until the 6th or the 7th is absolutely valid.

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2 Comments »

  1. Today’s light volume definitely makes the 6th or 7th seem possible.

    Comment by ZBryan2 — November 3, 2008 @ 7:58 pm | Reply

  2. Do we still have a chance of seeing DOW at 8500 levels if not 8200 ? I still don’t feel things have steadied down. There was no profit taking drop after the Oct 29th 900 points rally.

    Comment by Experx — November 3, 2008 @ 8:35 pm | Reply


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