Tuesday, August 3, 2010

8/3 10:15

SP futures just tapped the 30-minute M/A.  It has an envelope of .5%, extending down to 1107.7 on a 30-minute close.  Normally I would buy right on the 30-minute M/A, but I'm expecting a deeper correction.  Putting in an order at 1108, near the outer edge of the envelope.  The 60-minute M/A is 1106.81.
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1 comment:

  1. AnonymousAugust 3, 2010 at 7:34 AM

    Steve

    I'm following SML and I think it just finished its correction. Bought more TNA.

    Jack

    ReplyDelete

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