SPDR S&P 500 (SPY): Hi, learning. I've seen this type of ND...

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Re: learningboutinv post# 50906

Thursday, 05/29/2008 10:32:26 AM

Thursday, May 29, 2008 10:32:26 AM

Hi, learning. I've seen this type of NDX rally so many times before. Today is the ultimate fakeout day. Da Boyz take up the index in the morning, then drop it hard through the afternoon to convince the bears the rally is over (and they all pile in). But the index recovers late in the afternoon and closes only slightly down (5-6 points). Then tomorrow, everything rallies hard. Deja vu? Two

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