Monday, January 30, 2012

Map going forward

Slight sell-off today making today’s candle completely below the Standard Deviation 1 on the Bollinger Band, first time since Jan 03.    However, we’ll err to the bullish side (buying dips/break-0uts) as long as we stay on top of this trend-line.   If we break it, then it would be time to re-assess but until then ball in bull court.

Quite possible that the “easy money” has been made as we have broken the Standard Deviation 1-2 trend but as said — as long as we are on top of the trend-line the bulls have the advantage $SPY