5/6/2008 7:15:58 AM
Has the channel remained? Read on to find out.
Welcome to Lynn T's 1-2-3 PLUS Alert. To learn more about my Partial Leverage Utilization System, click here.
The up trend is still very present when you take a look at a weekly chart of the SPY. Volume has been decreasing for the past few weeks, making it seem that the upward push it nearing an end - or at least having some troubles keeping up the pace.
We'll stick to our guns and remain at full weighting for the time being. A data element to one of my indicators will come out tomorrow morning. That might be enough prompting to take 1/3 bullish weighting away - but not today.
Stay right where we are (see new weighting below).
Current Weighting Suggestion:
3/3 in Bullish Leverage
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Have a great week!