SPDR S&P 500 (SPY): Foot, I hope you're doing well. Been...

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learningboutinv

Re: Footquarters post# 41023

Saturday, 02/16/2008 1:20:17 PM

Saturday, February 16, 2008 1:20:17 PM

Foot,

I hope you're doing well. Been traveling for work and living out of my suitcase for the past 2 1/2 weeks. I'll be flying out again on President's day for a week.

Nasdaq new highs sure looks like a bottom. 4 new highs in January and now 7 new highs in Feb? From 2000 - 2007, we've bounced from the 5-8 level. In addition, the fed is aggressively cutting, and pumping lots of money as well. That money has to go somewhere right?

May be Sideways/neutral for a couple more weeks with the triangle pattern then we start turning up. The Brad turn date is in 3 weeks.

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