September 21, 2010

Heads up on S&P

If SPY manages to close above 113.51 we will have to go long. Here is a chart (click to enlarge):


Note that the indicator is drawn with our "standard" parameters (2,7) and not with "optimum" parameters. I still have not came up with an optimization algorithm that I'd like. Working on that. All I can say is that it will  make our stops wider like on the chart below:


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