SPDR S&P 500 (SPY): Gleno, who knows if the 200ma will stop...

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learningboutinv

Re: GLENO34 post# 59038

Friday, 09/05/2008 11:24:09 AM

Friday, September 05, 2008 11:24:09 AM

Gleno, who knows if the 200ma will stop us. We're really oversold and due for a bounce but that could be another 1-2 weeks from now like in Jan 08.

Earlier in the week, the $NDX broke down from the symmetrical triangle pattern and may target 1550 in a few months (3-6) or possibly 1446, July 07's low.

$NAUD is at a weekly low where reversals has come but RSI isn't even close to 30 yet.

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