Friday, September 4, 2009

Change in the wind?

Here is the current SPY daily chart...

Click for larger, Browser back.

I am a little concerned here.
It is a left shoulder, the head, and maybe a right shoulder in the making.
In checking the volume, I see that one huge red bar, and a few green Pygmy's. This indicates strong downage and weak upage.

Not scary because we can make money from the market moving either direction, but I have a lot of long positions that I want to exit profitably.

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