SPDR S&P 500 (SPY): Gleno, this is all speculation, but I th...

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Re: GLENO34 post# 53243

Friday, 06/20/2008 12:40:01 PM

Friday, June 20, 2008 12:40:01 PM

Gleno, this is all speculation, but I think we go lower, then a snap back rally into the close. According to Scamman, Slimjims typically resolve towards the direction of the trend. QID's trend is up so I am thinking a break towards new highs, and a lower low for the NDX, then snap back rally/reversion to the mean or 1/2 way point.

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