Wednesday, October 20, 2010
Easy Breezy
For those of you who caught our last post in which we described our support level to a tee (SPY 116.75), it was safe to assume that we were big buyers around the lows yesterday using our SPY price level as a stop. We are now being rewarded VERY handsomely. If you were trying to swing trade short yesterday, we hope you kept your stops tight as we are zooming higher today. We are moving our stops up as we speak (long positions) and we will lock in nice profits should the market turn back down. Again and again, our charts did now waver from yesterday's weakness and we executed our plan perfectly. This is how you remain in this game. Plan your trade, trade your plan. It's really that easy. And it doesn't hurt that your software allows you to play with the big boys. Congratulations to our subscribers.
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