Market Timing - posted at 1443 EST
EDIT: I meant to do this earlier - I will post up answers after the close to questions asked through this blog's Comment.
Swing trade - 100% long positions; stop for all positions to SPX 1298.
Investor core - 100% long positions; stop for all positions to SPX 1298.
Time loci for Turns, 5 minute timeframe - 1355,1440
In post 4 today, I wrote: "Daily resistance at SPX 1310 is the level that must be surpassed to maintain the upward daily trend - within 2 days from our trend parameters." The pit traders must be reading this blog too! -:)
Daytrader/scalper would exit longs here at SPX 1312 at 1440 EST
A low here at the 1440 time locus is positive. Holding this level toward the close, and staying above SPX 1305 today will give a good platform for tomorrow's trading.
More after 1630 EST
Good Trading and God bless
W. B. Busin
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