SPDR S&P 500 (SPY): RCKS.. this is the buying strength I hop...

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Re: RCKS post# 49450

Monday, 05/12/2008 1:24:35 PM

Monday, May 12, 2008 1:24:35 PM

RCKS.. this is the buying strength I hoped to see today. The more I looked at the market over the weekend, the more it looked as though we were at a critical level..and could break either way. I began to get nervous the more I looked. I had loaded, very heavily for me, after the Wednesday drop because I thought the bullish signs were so strong.

Depending on how we end the day, I will probably take about 50% of my exposure to cash. The IT strategy we talked about over the weekend is still in play, for me. Regards.

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