SPDR S&P 500 (SPY): If the drop is contained around this lev...

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Re: None

Wednesday, 04/09/2008 2:29:53 PM

Wednesday, April 09, 2008 2:29:53 PM

If the drop is contained around this level, it would seem to be healthy for further gains..it was something that needed to happen.

It's troubling that both the NDX and RUT P&F charts are showing a warning to the bullish side. I think the bottom of the big candle on 4/1 is an area that needs to hold for a push higher. I expect it to hold, but who knows?? Lamont Cranston, perhaps.

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