SPDR S&P 500 (SPY): Foot, there may be a slight pull back...

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Re: Footquarters post# 39304

Tuesday, 02/05/2008 7:55:31 AM

Tuesday, February 05, 2008 7:55:31 AM

Foot,

there may be a slight pull back here, but the weekly gives a strong long signal and the monthly just turned positive. As least this is what I am trading on. I cannot trade like Gleno and NM, every minute and every day which drives me nuts. My own research is if you are on the right trend, buy options one or two months out and you will have profits. Case in point, my OEX 700 puts back in Dec07 had given me 7 times the money by expiration. So why bother nickel and dime everyday...

good trading to you

da 2bit

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