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S&P 500
5,495.52
(
0.45%
)
US TECH 100
18,331.60
(
0.84%
)
Dow Jones
40,736.96
(
-0.23%
)
Brent Oil
69.43
(
-0.15%
)
Bitcoin
57,512.98
(
-0.26%
)
Post# of 51839
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JimQuinceH

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JimQuinceH

Re: PriceTeam post# 38347

Tuesday, 05/19/2009 10:13:00 AM

Tuesday, May 19, 2009 10:13:00 AM

Post# of 51839
TED, In answer to your question #1 - In my opinion the S & P 500 peaked on May 8th, for this cycle and is headed south, yesterday's low volume rally notwitstanding and I don't expect that the S & P 500 will exceed the May 8th high for many weeks. Bounces are allways possible.

Question #2 - 930 may look probable to you but it doesn't look probable to me. I have been long the DXD since May 7th (at $48.50), I also bought SPY July PUT options and am still holding both positions for the decline that I am expecting to continue.

Happy Trading to you, Jim
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