SPDR S&P 500 (SPY): hey, Gleno. Is this predictable bounce r...

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Re: GLENO34 post# 21322

Monday, 08/06/2007 9:51:15 AM

Monday, August 06, 2007 9:51:15 AM

hey, Gleno. Is this predictable bounce real and healthy??? What I have is a FRAMA inflexion at 1428. At this level, also the SPY gap of 04/04. Strong support. Thereafter... down: 1375 and finally 1300. Dominant time cycle low: end Oct.
Am now totally in cash after getting out of da stupid Germans and a fun Friday. Do you dare to play this timid up-trend?

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