As of today, our primary trading direction is LONG in the S&P 500.
As you may know, our primary trading approach is to enter a trade in the direction of the trend when the end of a pullback is accompanied by Significant Program Trading in the direction of the primary trend.
Our analysis, which we never presume to be Gospel, and which we will rescind immediately if we are proven wrong (which we define as losing money), implies that this recent downtrend, from 19-MAY-08 until today, will primarily trade to the upside until the 1,350 area.
We are currently long and will add to our position:
Hope this helps.
As you may know, our primary trading approach is to enter a trade in the direction of the trend when the end of a pullback is accompanied by Significant Program Trading in the direction of the primary trend.
Our analysis, which we never presume to be Gospel, and which we will rescind immediately if we are proven wrong (which we define as losing money), implies that this recent downtrend, from 19-MAY-08 until today, will primarily trade to the upside until the 1,350 area.
We are currently long and will add to our position:
- As long as it remains profitable
- Upon resumption of Buy Programs after any swing retracement > 50%
Hope this helps.
Leave a comment