Tuesday, April 30, 2013

Tues 4/30/2013. Mid-day Update.

Whipsaw. As I warned a few days ago, some whipsaw was due. Today, the System was stopped out of its long position and went short at 1587 then got stopped out and went long again at 1597. And, the whipsaw may not be over. Another apparent EDT has formed. The SPX consolidation above 1576 is allowing the hourly technicals to reset, so the time window for bears is coming to a close. Good fortune.

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