SPDR S&P 500 (SPY): Gleno, I don't think we will get past 50...

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learningboutinv

Re: GLENO34 post# 53690

Wednesday, 06/25/2008 3:19:59 PM

Wednesday, June 25, 2008 3:19:59 PM

Gleno, I don't think we will get past 50dma, 48.29 on the Daily Qs Chart. If we do, we will violate the down-trend line from 6/5.

I think on the 60min QID, 40.09 (100dma) is going to be decent support. I guess we will find out.

Should've listened to you and myself about the slimjim breaking in the direction of the trend. El Crapo... I was trying to squeeze blood from a rock with my QID trade. But there always is a tomorrow.

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