Buy EDC on the Breakout - Buy EDC on the Back Test
Thanks Cmeg. I'm happy with the entry and have intentions of holding to 1044-1070. I think we could see a reversal in that area, but if we continue on up . . . that's fine, too. I would rather see our market, and our country succeed.
I look for a relatively flat day from 11:30 to 2:30 (1101-1103)and a move UP at the close . . . but who the hell knows. I know if I were the one manipulating this market, and I just got through a key level to the upside, I would want to move the S&P as far away as possible from the 1100. 1106-1114 is ambitious, but I bet that's what we see today.
We still could see some additional selling before Friday . . . possibly another day like Monday. We might not be above 1100 for good, but I hope so.
Are you still holding EDZ Cmeg? How about Ed? Ranj? What does it take to get you guys to abandon EDZ?