SPDR S&P 500 (SPY): Yes, as Gleno says, there could be some...

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Re: Fox13 post# 53358

Monday, 06/23/2008 10:33:24 AM

Monday, June 23, 2008 10:33:24 AM

Yes, as Gleno says, there could be some fake moves..or it could be real. My short-term trend parameters have come within pennies of reversing upward on the MID..which would trigger an order buy for me. I know there are always..always..a bunch of reasons the market "should" go down..and often goes up in spite of all the worry.

Edit: while I was typing..the buy triggered, so by my calculations we should be in an uptrend for a day or more.

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