SPDR S&P 500 (SPY)

[Neutral Man]

Wkly update, Dn, Dn, and more Dn?

Close, 27Apr, 46.57
High, 46.53, Dn -.1%
Low, 45.66, Dn -2.0%
Spread, .87
PM, 2.1%

We can expect prices to tag the PM average of 2.5% and therefore can extrapolate accordingly?

Potential high, 46.80 (45.66 x 1.025)
Potential low, 45.37 (46.53 x .975)

We'll be net sellers above 46.50 and buyers below 45.50 this week!?

Since we suspect that ANY up action is a GREAT selling opportunity and that we're currently in "SELL the rallies" mode until 39.47 is tagged, we're NET sellers indefinitely going forward!?

Now go forth and prosper accordingly!
nm