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RANDOM FACT FROM READER JACOB

9 August 2009 by Cullen Roche 2 Comments

We are now 14.7 % from the 10 month SMA on SPY – that has only happened 10/190 times (including this month) since October 1993.  That is a 5.3% probability.  The last time we were this overbought was May 1999….

A betting man wouldn’t like his chances at this poker table.  Do you feel lucky punk?  Well, do ya?

Cullen Roche

Cullen Roche

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Comments
  • tradeking13

    We are also testing resistance at the 200 month SMA and 38.6% fib levels.

    08/09/2009 at 11:42 AM
  • Sherman McCoy

    Interesting. What would be valueable is to know the following:

    If you sold short every time this happened, and had a 10% stop with no re-entry until the next signal, would you have beaten the market? What would be your win/loss ratio? Maximum gain?

    08/11/2009 at 3:00 PM