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Just a quick note of something that might be profitable if you think the highs
are in and set for the week.
If you look at the highs in the S&P they are exactly 9 weeks apart. Yesterday
was exactly nine weeks from the last high of 12-8. If this keeps in line, the
highs are in for the week and we should sell off into friday. Not a fast sell
of by any means but lower by Friday.
Possible trade for today. Please do your own homework before taking this
trade, but if this holds true and we make it to 1007.20 in S&P and somewhere
around 523.40 to 523.75 in NYFE, put in a sell order and risk maybe two
points, which is above yesterdays highs.
Again, this is just something I'm looking at, please verify this for yourself
before taking the trade.
Current time of this post is 9:50 mst. Any other opinions anyone might have
about this senario is appreciated.
Sincerely,
Vaughn Jones
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