Sunday, April 22, 2012

BELOW THE TREND LINE

Hi Folks, We are now below the trend line that I have been talking about for months. We needed to get back above it quickly and stay there to maintain the uptrend. My sense is that we now are going to trend lower. My short term target is 134.98 in terms of SPY. Below that we have 132.10 then 127.49. Thanks and Good Trading, Tim