End of the Trend
4/6/2008 9:01:24 PM
Time for a consolidation?
Welcome to Lynn T's 1-2-3 PLUS Alert. To learn more about my Partial Leverage Utilization System, click here.
The pullback hasn't happened as quickly as the realist in me thought it would. The action in the SPY created a decent sized white candle, but on only a slightly higher volume. The optimist in me is still calling for a fairly respectable advance heading deeper into spring.
For the time being, we're going to add a bit more bullish weighting to our play, keeping in mind that the market is looking like a consolidation could be ready to take a hold of the action before allowing an advance to get underway.
Keep an eye on your inbox for a potential intra-week alert should the market start to break down more than is comfortable.
Add another 1/3 bullish position (see new weighting below).
Current Weighting Suggestion:
2/3 in Bullish Leverage
1/3 in CASH mode
You can email me with any questions at email@example.com.
Have a great week!