SPDR S&P 500 (SPY)

[Fox13]

Dan, the echo effect in Asia and Europe will probably extend the down trend after opening. If the Qs drop through 47.4 they might stop at 47. Then? When you wrote "UP for the day" you really mean a serious up? I must confess that contrary to FOOT's very good advice, I am kepping all my many kinds of shorts. My original intention was to lighten 1/2 a position around 46.7? Now, i am not so sure. Tonight I will listen to Europe but I know how they feel already. Don't forget, they are ALL vacationing for the whole month of August: the rich, the poor and the unemployed. The Frogs (who secretly hate family life) have now a good reason to drink, be offensive and ... blame l'Amerique. But, when Paribas is in trouble many other less reputable "banks" WILL follow. There is no way that it will stop now. And here is the key question: how many and how fat: Germany... Switzerland... England???
Hope da trades vill vork prima for you! fox.