SPDR S&P 500 (SPY)

[euterpe1]

Funny how psychology works. I sold my RYVNX at the close on Monday with a plan of reloading at the close on Wed. After that big blow out up day you start second guessing yourself. Let's see if we can get a little bounce up tomorrow to reload. Negative divergence abound, so the question is how long will they persist before we do head down steadily.

http://stockcharts.com/h-sc/ui?s=$COMPQ&p=W&yr=3&mn=0&dy=0&id=p23017597814

We are in the pivot zone as I call it on the $NASI. So if we are heading down, then it's down to a support level, small upmove and then down hard.

http://stockcharts.com/h-sc/ui?s=$NASI&p=W&yr=3&mn=0&dy=0&id=p25211860149

Best wishes in 2007