SPDR S&P 500 (SPY): Foot - SPY danger shown on this closing...

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Re: Footquarters post# 31412

Friday, 11/16/2007 10:19:38 AM

Friday, November 16, 2007 10:19:38 AM

Foot - SPY danger shown on this closing basis weekly for SPX

55wk ema for SPX is 1455.27

also, try a closing basis weekly t/l for 2007 and see if you think it is acting as R ...and going forward?

calling a bottom anytime in this decline is dangerous..why not short rallies in a decline until proven otherwise?

1461 is the 2007 early high...rallies to there will die going forward? a valid question.

http://www.websitetoolbox.com/tool/post/fib_1618/vpost?id=2293957

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