SPDR S&P 500 (SPY): Hi Guys: So far no signals. Very foggy...

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Tuesday, 06/03/2008 11:45:22 AM

Tuesday, June 03, 2008 11:45:22 AM

Hi Guys: So far no signals. Very foggy morning. Again, we need clarity. But even the fat lady refuses to sing. Right now, trying to stay hedged and uncommitted in either direction. However, the Qs might be forming a double top; maybe even more bearish intraday: “an inverted double roof”. This looks like an inverted church roof with a spear in the middle. Surprisingly, J. Bollinger used it quite successfully in 2002.

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