SPDR S&P 500 (SPY): Yeah, I think you're right Oman. I'm st...

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learningboutinv

Re: omandan post# 23517

Thursday, 08/23/2007 8:16:42 PM

Thursday, August 23, 2007 8:16:42 PM

Yeah, I think you're right Oman. I'm still thinking we need to close that gap at NDX 1910 on 8/22. But the market action after the close of the gap will be very important in telling the direction.

If we bounce off 1910, the gap, and head up then I'm staying long. If we end up closing below the gap it's time to sell those long 401K mutual funds that I bought last Thursday before the close because we'll probably go further down in order to test the recent lows and fill the 1850 gap on 8/17.

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