SPDR S&P 500 (SPY): Gleno, I haven't switched to the dark/sh...

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Re: GLENO34 post# 56081

Wednesday, 07/23/2008 12:46:38 PM

Wednesday, July 23, 2008 12:46:38 PM

Gleno, I haven't switched to the dark/short side but I sold 1/2 of everything this morning, UYG, QLD, MVV. Letting the other 1/2 ride with Renko. Although QLD hasn't really printed a reversal brick up. It's pretty weak compared to the other indexes. Anyhow, I'm not sure what the Beige book will foretell, but I couldn't just let a $5 profit evapoo-rate (from a ben stiller flick), especially on QLD when I got in yesterday at $69.30. So I sold 1/2 QLD at $74.45 today.

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