SPDR S&P 500 (SPY): Thank gleno. So if the market plays out...

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learningboutinv

Re: GLENO34 post# 54563

Thursday, 07/03/2008 10:47:17 AM

Thursday, July 03, 2008 10:47:17 AM

Thank gleno. So if the market plays out like the past it looks like we may have a ST bottomed with the $NDXA50R @ 10 yesterday, we bounce ST for 1-2 weeks which was typically the average of the bounce and then more down ahead for the $NDX and $NDXA50R. Then look for a positive divergence on the $NDXA50R for the next tradeable bottom which on average came in 4-6 weeks.

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