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Monday, March 16, 2009

Spy dia spx sp500 today and tomorrow's price prediction ((March 16, 2009):

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Spy dow dia SPX sp500 today and tomorrow's price prediction (March 16, 2009):

In the previous post we called the bottom of Friday march 26, 2009. The moment has come to deal with a long position. SPY is now at 77.60 area. One of our models predict that we are in area of top today. In addition the upside is limited if we go further up from here.

So with SPY at 77.60, one of our models say sell all longs, and get ready to do some shorting.

To your profits!


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6 Comments:

Anonymous Anonymous said...

What now (next two or three days)? Retest of the lows and than skyrocketing?

March 16, 2009 at 4:34 PM  
Blogger RFT said...

Thanks for your post. The market sold off as predicted by models, but it has not officially reversed yet. We have not done the analysis yet, but if the reversal is confirmed, there is a also the possibility of a congestion/range bound.

Reason is that we would have losers from long side of today, and losers from down side of last week. Usually the work against each others covering their losses or flattening at breakeven.

We will analyze it, when we have the time and are less tired.

PS: Pls email us so we can know who you are. It is more fun that way. You can also chat to us (chat at google is : emailfinancialtraders (at) gmail (dot) com

March 16, 2009 at 9:23 PM  
Anonymous tradermichael said...

uhh..I went short. What does your other models say, how far will the market rise. I expected a sharp stop at SP@800...

March 23, 2009 at 4:03 PM  
Anonymous tradermichael said...

What do you think about the next barrier @ 875 in this extraordinary market? Do you think it will be reached within the next days as in my opinion? Against lots of technical rules I am not sure about a greater setback at this resistance!

March 26, 2009 at 9:54 AM  
Anonymous Anonymous said...

Why no more posts?

April 14, 2009 at 2:03 AM  
Blogger sam said...

ok

April 24, 2009 at 9:51 AM  

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