Today's the Day We Start Looking Long in the S&P - Part 2

| | Comments (0) | TrackBacks (0)
As we noted yesterday, our orientation for entering trades is now to the long side in the S&P 500 futures market.

Our setup was to wait for a retracement >= 50% and enter Long when we saw evidence of substantive Program Buying.

Today, we saw a substantial pullback, but the Buy Programs never kicked on (see graphic below).

Algo Futures - 50% Retracement w-o coinciding Buy Programs.jpg

We are maintaining our Long orientation and will continue to look to piggy-back any substantive Buy Program runs.

Hope that you find this interesting.

0 TrackBacks

Listed below are links to blogs that reference this entry: Today's the Day We Start Looking Long in the S&P - Part 2.

TrackBack URL for this entry: http://www.transactionlevelanalysis.com/cgi-bin/mt/mt-tb.cgi/41

Leave a comment

About this Entry

This page contains a single entry by Carl Weiss published on July 10, 2008 12:56 AM.

Michael Covel & Ritterbusch on Sell Program in Crude was the previous entry in this blog.

S&P - Recap 10-JUL-08 is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.