SPDR S&P 500 (SPY): re 50 day test SPX today, or...

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Re: learningboutinv post# 42347

Wednesday, 02/27/2008 3:55:50 PM

Wednesday, February 27, 2008 3:55:50 PM

re 50 day test SPX

today, or real close..... usually they do that in the bear and sell them off, like they did earlier with the banks. Watching here for a break down or break up..... 1376 on the SPX is support here, MACD and Stochs on it have crossed and turned down...... with a stoch cross up, I am in long again.... not sure if the stochs will turn at the 50 area or 20 area, this is on the 60 min chart. .. no real volume today...but am watching for the best entry here to go long.

Buy 'em when they are crying, sell them when they are yellin'
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http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID456385

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