SPDR S&P 500 (SPY): I'm with you farooq, I've been sensing t...

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Re: farooq post# 57241

Friday, 08/08/2008 4:59:58 PM

Friday, August 08, 2008 4:59:58 PM

I'm with you farooq, I've been sensing the bearish sentiment here as well. We are in a definite up trend right now, fighting it seems silly. But one year of down will do that to anyones outlook.

That said, I do not rule out the possibility of a lower low after the break of this current uptrend. But it really feels like this uptrend still has some legs in it...

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