SPY and its 50 day moving average
On October 19, 2007 I posted two charts on the SPY. The first one was a ten year chart with 200 and 50 moving averages. The second one was a one year chart of SPY because the market was rocked that day. So here we are three weeks later and I thought I would post this chart.
I would like to make this one point now, it is not to late to sell half of your risk assets and make a tactical tilt to cash. Notice that the 50 day is just flat here and the 200 day is still rising, this makes a good exit point. The 50 day does not reverse quickly from this point, it will take a couple of months at a minimum. For the real brave, this makes a good entry into SDS or double short the SPY.
I would like to make this one point now, it is not to late to sell half of your risk assets and make a tactical tilt to cash. Notice that the 50 day is just flat here and the 200 day is still rising, this makes a good exit point. The 50 day does not reverse quickly from this point, it will take a couple of months at a minimum. For the real brave, this makes a good entry into SDS or double short the SPY.
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