SPDR S&P 500 (SPY)

[2bit-nothing]

Fox,

very interesting explaination on 130/76 thanks. I rely heavily on numbers. The night before, I have all the numbers in my head and what to do when that number is reached. Likewise, I project my OEX option premium ahead, no if or but, if I leave money on the table, so be it. No stops though.

Since I am a short cycle trader, I do not look too far ahead. But many are talking about mid-Oct down turn, you could be right on. TTheory is also talking about mid-Oct turn. But he is wishy-wash on Ts and I do not think he has a handle on it yet.

My gut feel is if it bounces on Monday, the down draft may be too short. It could very well reach 490ish then falls to 475ish before it rises again.?? Will see..

2bit