SPDR S&P 500 (SPY)

[youaretheone]

closing above the 1062.50 level for 2 days in a row will tell me that the lows of march will hold for some time...and that we will eventually be going up to the 1250 level, with only minor pull backs (no more than a 12.5% correction). Back in march of 2008, $OEX got below the 3/8ths (593.75) line for only one day, and then reversed back up...this could be a similar fake out...I closed my short this morning to break even, and will now patiently wait a clear short signal! Good job calling it like it is 2-Bit!