SPDR S&P 500 (SPY)

[leftyg]

lol..prudence..I remember when Sat. night live used to parody BushI while he was president having him say in a wimpy way.."that wouldn't be prudent". Ahh, yes, prudence. Of course, the reminder is that the turtle gets nowhere until he sticks his neck out.

I read the huge turn yesterday as a vote that the near-term bottom is at hand. One would expect some filling, up and down for awhile, of course..but I don't know of a better signal than buyers being willing to buy and hold into the close. Only the unfolding price moves will tell if buying that event was imprudent. Regards.