SPDR S&P 500 (SPY): I have tended to do well off his forecas...

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Re: rab120 post# 79071

Monday, 04/20/2009 8:49:35 PM

Monday, April 20, 2009 8:49:35 PM

I have tended to do well off his forecasts. Soemtimes they are off, and sometimes right on. They are not gospel, just that of a different opinion. I personally expected today to be a gap and crap day, and tomorrow I would expect some type of bounce. Not sure I would expect new highs, but I could see us moving back up a bit. It looks to me that we could either pull back to 31 area quickly, start a gradual decline to 31, or continue trending higher. I don't think we have made the turn down yet.

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