weekly chart SPY made 9 higher high, momentum is good.
that being said, there was not even H1 to let you in, basically you had to chase and buy the market to get in. How do we know it will come down to 115 or 113?
Btw, RSI, MACD, or other indicators' ND doesn't mean a thing. They are all lagging, basically useless, especially in equity.
weekly chart SPY made 9 higher high, momentum is good.
that being said, there was not even H1 to le ...
ppteam 发表于 2010-11-27 00:00
I know what you mean but we are in pull back no doubt. Even momentum is good I think you will buy at ema rather than now if you DT the same chart? At least you want to see a bull trend bar right? Anything can happen, for example, the momentum from week 2/12 to 4/23 is also good but we had a huge correction.
yeah, if I DT the weekly chart, and I had long and entry was OK, I would still hold so ...
ppteam 发表于 2010-11-27 00:22
You mean you will set a limit buy below the doji now or you would have bought in the doji? Now with the inside bar, it's forming a flag/triangle, which could be a continuing pattern, which means more chance to go down rather than up?