SPDR S&P 500 (SPY): Gleno & Foot: I am out! Bought and sold...

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Re: Footquarters post# 42126

Monday, 02/25/2008 4:16:58 PM

Monday, February 25, 2008 4:16:58 PM

Gleno & Foot: I am out! Bought and sold puts twice….for a dismal profit! Did completion of the “e” wave happen today? Maybe, but confirmation might come only tomorrow in two ways: 1). “suckers’ gap up” + violent drop or 2). opening flat + slow methodical long drop. If neither happens I will stay out. After all everybody and his guru is counting waves. So do THEY… Regards, fox

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