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SPY will go higher then Correction slam      6-Nov-09 12:20 pm    
This is my last free warning to traders/Investors...

I am telling you the SPY has a little more upside... possibly above 108ish levels then Pro traders will once again begin to take distributions on much larger scales and this will be the true start of the great Correction everyone has been waiting for...

Personally I would not start shorting the markets until the SPY breaks below the 105ish levels into the 104ish levels and those positions would be a small the start. I would also wait to add to those short positions until the SPY reaches below the 103.97 levels have been taken out to the downside...as always protection through options strategies and pair trades and plain old Stops will keep you healthy if I am wrong and the trade breaks higher...

I believe once we see the break down below SPY 103 levels for more than a couple days this will be the place where traders start making very quick exits and a very large correction downward takes place which also implies increased volume...all classic technical signals.
MTMM
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nmnmike

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SPY will go higher then Correction slam
nmnmike Not rated 6-Nov-09 12:20 pm  
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