SPDR S&P 500 (SPY)

[learningboutinv]

Foot, don't get me wrong, I am pretty bearish too, just planning on playing this interim-trend bounce. There is a downtrend line on both the weekly and daily charts. I think we will have lots of problems at $NDX 2000 (if we even get there).

I was just trying to stay objective and figuring out what would happen if we break past 2000-2050 range.

BTW - I live in an apt downtown (no house). So Ravi can drop a satellite on one of the many big tall buildings in Seattle that is around me so that I can get a better view of the Olympic Mountains/Puget Sound. I can't believe there are so many apartments/condos and office buildings still going up in downtown Seattle. Property mgr I talked to while we were moving offices said that there is a 1 year waiting list to lease a crane. I can count 10 huge cranes just looking out of my window.