SPDR S&P 500 (SPY): 2xer, I don't know... It looks like we m...

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learningboutinv

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learningboutinv

Re: Two-timer post# 53813

Thursday, 06/26/2008 12:08:40 PM

Thursday, June 26, 2008 12:08:40 PM

2xer, I don't know... It looks like we may retest the lows again, which wouldn't be a bad thing. 5min CCI144 can't get to -100, 3/8dma crossed back down, but the ADX is overheated on the current draft down. So I think ST we may test the lows again, but the CCI-144 will have + divergence. Even if we rally I think it's going to be pretty weak. I just hope they don't try to close the NDX 1850 gap today. That'd be plain crazy, down -85?

(Edit QLD just closed gap on 4/18. QQQQ's gap is not closed yet 45.47.)

I am still long QLD with the bad entry.

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