SPY Lagging
Source: http://alphatrends.blogspot.com/2008/10/spy-lagging.htmlPosted on Thursday, October 9th, 2008 | In Technical Analysis Videos
Contributed by: Brian Shannon (http://alphatrends.blogspot.com) -
right now. The Qs are battling the daily VWAP near 33.28 and SPY is starting to fall away from VWAP (near 99.58) again. Trading remains choppy and there is no clear evidence of a turn yet. Do not become blinded by potential upside targets based on historical studies, those are just a reference for possible scenarios. Only price pays and it hasn’t given a clear signal to buy yet.
Last 5 posts by Brian Shannon
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 About Brian Shannon (http://alphatrends.blogspot.com)
Brian Shannon is a full time trader who shares his market experiences on the highly popular alphatrends.blogspot.com site. Alpha trends has been called "the youtube of technical analysis" by Technical Analysis of Stocks & Commodities Magazine (March 2007) and has been praised in Barron's (October 23, 2006) and Active Trader Magazine (July 2007). Brian trades an account at www.worldcupadvisor.com since March 2006 and in that time has more than tripled the results of the S&P 500. He can be reached at alphatrends@gmail.com |
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