SPDR S&P 500 (SPY): I still think they are going to manufact...

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learningboutinv

Re: rab120 post# 53273

Friday, 06/20/2008 3:12:03 PM

Friday, June 20, 2008 3:12:03 PM

I still think they are going to manufacture a ST tradable bounce. TRIN/TRINQ is on tradable bounces right now, NAMO around -40. I guess we will find out around 15:30-15:40 if people start to unwind/sell their short positions. But long term I agree doesn't look good.

(EDIT, 10points away to where we started on the last bounce)

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