SPDR S&P 500 (SPY): FOOT...Target is still the 60 min 20MA n...

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Re: Footquarters post# 23721

Monday, 08/27/2007 12:07:35 PM

Monday, August 27, 2007 12:07:35 PM

FOOT...Target is still the 60 min 20MA now at 47.70..What we need to do is get below the 34MA then we will head south rather fast...Probably bounce off the 20MA and also the 34MA..but the 34MA keeps moving up so a cross will be at higher levels that the current 47.43..The 20MA is flattening out ..

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