Sidestepping FOMC Whipsaw

...cont'd from yesterday...

Cont’d example of my application of Stan Weinstein’s Stan Weinstein's Secrets For Profiting in Bull and Bear Markets for the purpose of deciding whether to buy, sell or keep my money safely tucked away in my mattress.

WARNING: The contents hereof shall not be construed or relied upon as investment advice, and the contents herein shall not be relied upon to do anything or refrain from doing anything.

Yesterday, April 28, 2009, SPY showed the following at the end of the day after all trading had been completed yesterday.

Day Chart. Stage 2. Prices have made two consecutive days of lower lows and lower highs.

Hourly Chart. Stage 4.

Half-Hourly Chart. Stage 3, prices both above and below the 20 Moving Average.

Quarter Hour Chart. Stage 3, prices in a sideways range.

Inferences.
Today, price likely to just go sideways in a range between about 86.50 on the upside and 85.50 on the downside. For the entire day today, stand aside because of the FOMC report coming out in the afternoon.

Decision.
Take today off from trading with real money.

Results. No trades today.

...cont'd tomorrow...

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Copyright 2009 Raymond T. Lee. All rights reserved.
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