Saturday, February 12, 2011

SP500 levels

I deliberately left a lot of space below the recent lows so that the price clusters can be seen below. Additionally, if you want to see them clearly please click on the chart for detailed views.

I do not believe that we will break the Monthly and Weekly 30 and 80 year trendlines for the indexes and therefore am not looking at the next cluster above as highly probable. This is just informational. Right now my longer-term and position systems are primarily short with the exception of day trading and shorter term systems.

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