Thursday, May 20, 2010

SPY Rich but bounce conditions starting to emerge

Systems will not add longs...as seend by the red titel...systems will look for shorts to sell.

I do think we get a bounce from these levels...these particular systems almost never lose on their trades. Also, One thing of  note is that the TNA is now trading cheap vs TZA...so there is starting to be some traction possible for a rebound.
 
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