SPDR S&P 500 (SPY)

[euterpe1]

I added to my RYDEX position. This is where fact vs. fear comes into play. Of course, I could be wrong, but we are now 128 points below the lower BB on the NDX. We are also sitting outside the lower Monthly BB as well. That has worked nicely as a collar in both up and down markets.

Take a look at the weekly in January 2008.