SPDR S&P 500 (SPY): Hi K, Yes, 47.54 and 47 look reasonab...

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Re: koepkesd post# 15898

Thursday, 05/31/2007 10:20:37 AM

Thursday, May 31, 2007 10:20:37 AM

Hi K,

Yes, 47.54 and 47 look reasonable to me!

I'm just using the ole 6.0% percent movement and with a low of 45.97 for this OE we get 48.72 so its not so out of the question?

We should NOT violate the OE pivot at 46.71 on a Closing basis otherwise this UP 4cast becomes null and void?

That said, we have a BUY signal as long as we stay above the OE pivot, 46.71, on a closing basis?

Best regards,
nm

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