SPDR S&P 500 (SPY): Gleno: I am out at 56.92 thanks to the B...

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Re: GLENO34 post# 43788

Monday, 03/10/2008 12:15:50 PM

Monday, March 10, 2008 12:15:50 PM

Gleno: I am out at 56.92 thanks to the Bear-Stearns effect. You are right about looking at the Qs. Recently, before entering, I also look at the QID or QLD, since a 2x move overshoots significantly at the ends of the spectrum. I establish my targets on such a premise. It also appears that at those levels, QID moves approx. 1-2 sec ahead of the Qs. We know why…

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