SPDR S&P 500 (SPY): Thanks. This is what I see. (1) F...

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Re: denmo83 post# 108571

Friday, 08/06/2010 9:22:19 PM

Friday, August 06, 2010 9:22:19 PM

Thanks.

This is what I see.

(1) First target..OEX 520(SPX 1140) by Aug 19 (fib day 34)
(2) Second target .. OEX 530 (SPX 1166) by ?? (fib day 55 will be Sept 10)if you are assumming same 55 days advance like last time

But it should be clear that it is still buy on dips time...for the next little while.

(caveat emptor ...the near term is still ugly..the scenario above is based on trendline not being broken)

2bit

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