SPDR S&P 500 (SPY): Hi leftyg, that's what I found on SC.co...

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Re: leftyg post# 55836

Sunday, 07/20/2008 2:16:18 PM

Sunday, July 20, 2008 2:16:18 PM

Hi leftyg,
that's what I found on SC.com:

"The Aroon Oscillator signals an upward trend is underway when it is above zero and a downward trend is underway when it falls below zero. The farther away the oscillator is from the zero line, the stronger the trend. Values above 70 indicate a strong trend in the same direction as the Aroon (up or down) is under way
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:aroon#aroon_oscillator

Maurice in his analysis mentioned Aroon above 70 as a bottom.
Sorry, but I disagree.
I have no doubt, that the bear rally is underway, but nobody mentioned only one thing:
what IF ( a big one) GDP for the second quarter is going to be negative?
Do you know what is going to happen to the market?
Have a nice weekend,
Rab

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