SPDR S&P 500 (SPY): I'm a little supicious too of the rally...

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learningboutinv

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learningboutinv

Re: Two-timer post# 25509

Tuesday, 09/18/2007 11:24:09 AM

Tuesday, September 18, 2007 11:24:09 AM

I'm a little supicious too of the rally before hand. Plus with it being OE there's a lot of variables. This rally has been built on the anticipation of a 1/2 point rate cut. I think selling the news would probably be more likely. At the same time, since it's OE at the end of the week I wouldn't be surprised if we end up flat/consolidate like we've been doing for the past week so that they can take it coast to coast on both sides and burn both long/short. The real trend will probably show itself next Monday/Tuesday.

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