SPDR S&P 500 (SPY): This is not a chart for trend determinat...

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Monday, 06/16/2008 6:18:20 PM

Monday, June 16, 2008 6:18:20 PM

This is not a chart for trend determination...but instead the short-term health of a move. I don't see anything extended..there is room for a good move upwards yet..Ult osc correctly made a bottom on 6/12, along with trend indicators on other charts..I think there is a probability of another up day before profit taking Wednesday. Probabilities are just that, and nothing more.

http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=4&dy=0&id=p45864742057&a=78202559&listNum=1

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