SPY Update

Thursday, October 7, 2010

SPY Update

We have moved our SPY stop to 115.75. This represents a guaranteed gain of + .40. We initiated quite a large position via spreads/puts and outright prurchases so this is a big reward. Congratulations to those who also caught this move. We will leave our stop as is and watch the market going into the close.

1 comment:

AnonymousOctober 7, 2010 at 1:55 PM
Sweet Trade!!! I caught the short as well but my stops were a little tighter and it worked perfevtly.
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Rampage Trading charts are the result of enormous research and development efforts focused on profitability and simplicity. Despite the visual simplicity of the charts, they are built on complex, proprietary mathematical algorithms. Rampage Trading charts could not be simpler — Buy on Blue arrows, Sell on Red arrows. When the market changes to or stays in an up-trend, the bars become or remain Blue. When the market changes to or stays in a downtrend, the bars become Red. Each signal is also confirmed with our proprietary trend algorithm represented by the Blue and Red colored dots above or below price. If the trend algorithm is Blue in color and a buy signal materializes, higher prices are warranted. If the trend algorithm is Red in color and a sell (short) signal materializes, lower prices are warranted. The proprietary mathematical formulas and algorithms are based specifically on real time or end of day data and do not employ ANY conventional technical indicators. The formulas are calculated using the most accurate and reliable indicator – PRICE ACTION.

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Rampage Trading - Wall Street's Best Kept Secret

Thursday, October 7, 2010

SPY Update

1 comment:

Reading Our Charts

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Rampage Trading - Wall Street's Best Kept Secret

Thursday, October 7, 2010

SPY Update

1 comment:

Reading Our Charts

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