Market View For 10-14-2008

SPY

Tuesday 10-14-2008

The SPY put in a Morning Star signal closing over the T-Line. This makes it very easy today, you want to buy on strength over the T-Line. The 2 ema must close over the T-Line to create a Swing Low Buy signal. And a Pin Ball set up.

A big day like yesterday may see some profit taking.

Good Trading  and always Trade For Profit
See you all in the Trading Room
Rick