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Re: skono4 post# 379330

Tuesday, 04/12/2005 3:50:08 PM

Tuesday, April 12, 2005 3:50:08 PM

Post# of 704019
Thanks....I actually shorted SPY on the open in hopes that would play itself out down to our 3 year uptrend supports....covered once we started to reverse. Today sure beats the recent 5 point range bound days we've been seeing as of late! Some very nice hammers off our uptrend supports today so I expect this bounce to continue for a few days. Volume which dried to a crawl the past 2 down days came in on today's reversal. As always we'll see how it plays out.

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