SPDR S&P 500 (SPY): Foot, I still think that on Monday or Tu...

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learningboutinv

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learningboutinv

Re: Footquarters post# 25977

Saturday, 09/22/2007 11:55:23 AM

Saturday, September 22, 2007 11:55:23 AM

Foot, I still think that on Monday or Tuesday we go down in order to fill that Friday gap up on the $NDX. So, I am leaning towards consolidate/slightly down on Monday/Tuesday. Then rampup the end of month 401K deposits and all.

Plus with the latest up move on the 60min $NDX charts, the MACD is still down. 15min charts also show slight down on the MACD. LT daily and weekly charts however are still bullish.

Been working too much the last 2 days to watch the market intraday. Hopefully I can watch a little Monday morning before I go to work.

I was thinking about investing in FXI during the recent August bottom. That thing has been on a tear again. August low $111.21 closed yesterday at $168.49. 51.5% in 4 1/2 weeks? LOL...

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