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Market Timing

Friday, March 02 2012
The SPY closed at $136.63 on Thursday...

The current upside resistance is at $137.2, less than 1/2 of 1% above this close (see graph below)
- there is a good chance that the SPY will break this resistance level to the upside on Friday
- since we are still long, let's hope so
- if that happens, we could have smooth sailing because the next upside resistance is about 6.6% higher !!!

Of course, the market is not always that accommodating.  So, if the SPY doesn't break up (or breaks up and falls back quickly), MIPS will get us out.

Posted by: Dr. G. Paul Distefano AT 02:56 pm   |  Permalink   |  Email

MIPS Timing Systems
P.O. Box 925214
Houston, TX  77292

An affordable and efficient stock market timing tool. Contact MIPS
281-251-MIPS (6477)