SPDR S&P 500 (SPY): Glen I'm of the opinion we are not done...

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Re: GLENO34 post# 61505

Wednesday, 10/08/2008 2:47:38 PM

Wednesday, October 08, 2008 2:47:38 PM

Glen
I'm of the opinion we are not done going down and this may play a big role in tomorrows trading, it looks like we are working on Scanmans rule of 3 in terms of the spx P/C ratio.
Given that we have had 2 good bullish bounces I doubt that those positions being closed. Won't know for sure until this evening, when the totals are posted and you can see the change in open interest.

http://www.cboe.com/data/IntraDayVol.aspx

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