SPDR S&P 500 (SPY)

[2bit-nothing]

Gleno,

Terry Laundry actually changed his mind about a low in June. This is because he saw the cash build up phase in May. If you look closely, there was the cash build up phase in Feb before the March rally and the whole of May was a cash build up phase. That was why he changed his T closer to present to anticipate an explosive June rally. It has not happened yet but more than likely it will. Like they say I told you, this BS rally was because of the TARP money. Billions of dollars into the market.

Your other guru about the 2 day rule just reemphasizes the fact that this is not yet time to short the market.

Thank you for sharing.

2bit