SPDR S&P 500 (SPY): Hi learnin' Look very bottomish to...

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Re: learningboutinv post# 22004

Friday, 08/10/2007 8:04:27 PM

Friday, August 10, 2007 8:04:27 PM

Hi learnin'

Look very bottomish to me near term after looking at the indicators, but Monday may be another kick out day then up.......Plus TRINQ is still on a sell signal... Breadth was bad, they rallied the generals off the bottom today, so watch for the follow through with AAPL, RIMM, GOOG, MSFT etc on Monday if we are going back up to 1470 area. Also the old 401K ramp up on Tuesday and Wednesday. Fundamentally though, I am not sure, banks are very questionable, not sure how the rest of the world looks at all this.

Buy 'em when they are crying, sell them when they are yellin'
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