SPDR S&P 500 (SPY): I got a very large sell signal twice thi...

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Re: blasher post# 82177

Wednesday, 06/03/2009 12:37:07 PM

Wednesday, June 03, 2009 12:37:07 PM

I got a very large sell signal twice this week: once at Monday's close and the other around 10 on Tuesday. I haven't seen this signal since the indexes turned up in early April. This leads me to believe we'll head down for a healthy correction. It's the length of the correction (or advance) that is always the mystery? That said, Da Boyz love to make big index turns in the mid-July timeframe. Can you ever forget the July turn in 2006? That rally lasted for a long time. Two

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