SPDR S&P 500 (SPY): Gleno, daily bearish shooting star circl...

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learningboutinv

Re: GLENO34 post# 57392

Monday, 08/11/2008 3:42:05 PM

Monday, August 11, 2008 3:42:05 PM

Gleno, daily bearish shooting star circled. Short-term, in the past it was good for 2-3 days down. Renko QLD using 1.75pts/brick's line in the sand is now $77. Break of $77 which is ~1895 on $NDX on a closing price means the trend has changed to down. We still have 20 mins left before the close, but it sure looks like a shooting star. (Edit - BTW scamman used to call these the 1 finger salute. LOL...)

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