SPDR S&P 500 (SPY)

[euterpe1]

I have attached a chart for you from Trend1. Bull above the 15ma, bear below. We are, traditionally speaking, too far below the 15ma. I believe a bounce is in order if the W bottom holds on the daily.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32934568

We should run up toward the 15ma. Sometimes the index will tag it and sometimes it won't, but the 15ma usually works like a magnet to bring the price back to near that moving average. When we get close an excellent shorting opp will present itself. The only caveat is that this market is more like 1929 than any other time after that. The problem is so big and so pervasive that the bounces may be more muted than normal, but no one really knows.