12-19-2006

The market gapped down at the open. Since SPY has been down for last two days, the gap down at the open should be good chance for LONG.

One thing was that xxx has just kissed their 50-MA line. Also there was a reversal bar right at 9:45 almost for every one.

But I missed this chance by just focusing on xxx. xxx was just weak..

My method by watch these two guys has not be working since December.

I entered by watching xxx reverse back to 240 level. If xxx is dead then we need xxx to be alive. But this is a late entry.

This time it looks like xxxx is the leader.

Now Let's see if the market can use go higher from today.