SPDR S&P 500 (SPY)

[royg1927]

I think I heard (read) that something is (or about to be)in the works to get you to Ninjas.

"and if you have notice we have gotten frequent big days lately
so maybe we are near bottom??"

I wouldn't necessarily think so. Could be, but I wouldn't bet on it.

Yesterday's 400+ point DOW advance didn't seem to me to be accompanied by as much volume as might be consistent with that many points.

QQQQ volume was only about 15% more than it's 50 ma, and not even in the ballpark with the Jan 23 reversal/bottom day. And that reversal only resulted in a pretty pathetic bounce.

As I gaze at the QQQQ daily, I don't see much more than the rest of the previous March sideways consolidation. I know the horrible sounding stuff on TeeVee and all, but I have more confidence that the charts are more real.

http://stockcharts.com/h-sc/ui?s=QQQQ&id=p58374709352&def=N&listNum=1

The daily candle as it now stands looks more like a bearish dark cloud cover. But there are still over 2 hours in this session.

But don't pay attention to anything I say. I just think about the intraday stuff and what might happen in the next few days or weeks hardly makes much difference to my stuff.