SPDR S&P 500 (SPY): agree sir...the correlation is still mor...

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Re: Bert Sagara post# 106629

Friday, 07/09/2010 9:13:43 PM

Friday, July 09, 2010 9:13:43 PM

agree sir...the correlation is still more like jan of 2008...the likelyhood of follow through next week to the upside is slim...sideways would be the most consistant with the weekly pattern...and then down down down again! july 23 is likely going to be a turning point for a solid down leg...aug 8-12 should be the low...this is counter trend and is completely engineered to squeeze the shorts and get people long as they distribute shares...1093.75 on a closing basis would change the game...nothing else!

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