SPDR S&P 500 (SPY): Hi learnin' Generally when...

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Re: learningboutinv post# 50156

Monday, 05/19/2008 8:46:59 PM

Monday, May 19, 2008 8:46:59 PM

Hi learnin'

Generally when you see the Trin really low, look for a target.
Looked to me this morning with the Trin at .6 that they were short burning to get to 1440, but more than that to push the Transports to 5530, It led the drop after that. Probably look for a last gasp up tomorrow. Anyway, the CPC was out of the BB which generally shows bottoms in the market, but am not sure about the top, never seen that before. That candle on the SPX doesn't get me all warm and fuzzy bullish... if anything it should make us feel like long be wrong....LOL

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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