SPDR S&P 500 (SPY): Hey Learnin' Watching the...

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Re: learningboutinv post# 57475

Wednesday, 08/13/2008 6:38:48 AM

Wednesday, August 13, 2008 6:38:48 AM

Hey Learnin'

Watching the black reversal candle on the Yen... agree, with the lack of volume we could have a last gasp up in the markets, today. The QQQQ are still holding up the markets as the strongest link. We ended the day at support. So watch any move up for a lower high to short. We would have to have a down day for my systems to give a sell signal. Given the lack of selling, seems unlikely here. BTW Gold generally corrects hard in August...... then up... we just had a 20 percent correction....

Buy 'em when they are crying, sell them when they are yellin'
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