SPDR S&P 500 (SPY): I'd be careful shorting here. I did not...

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Re: be post# 25507

Tuesday, 09/18/2007 11:28:42 AM

Tuesday, September 18, 2007 11:28:42 AM

I'd be careful shorting here. I did not have the stones to hold that QLD position and it was the right thing to do. It's up a buck and half from where I sold. Oh well. I did not want to hold it overnight in front of the fed meeting. This chart still tells me to hold long on my mutual funds. Watch for a possible rollover though. I don't like that little hook forming.

http://stockcharts.com/h-sc/ui?s=$NASI&p=W&yr=4&mn=6&dy=0&id=p31188234394&a=....

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