Missed the best opportunity to short SPY
(2008-11-06 05:25:31)
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SPY hits 38.2% target and moves down. actually on this price there are 3 indicators: (1) resistance (100) (2) Stochastic Overbought (3) Fib minimum target 38.2%
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Everytime when the market is around the critical point, watch carefully for the signs for direction. There are more than 50% chance to go the other way, so watch is very important.