Here is a possible scenario...
Thursday, June 28, 2012
SPY chop
The market is just chopping around in a range, a real mess. Seems a market only for scalpers or long term holds with wide tolerance. Best to wait for some direction. If you are holding any longs (or shorts) for an extended period, plot them with the SPY and make sure they have their own independent momentum, and are not just chopping around with everything else.
Here is a possible scenario...
Here is a possible scenario...
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