SPDR S&P 500 (SPY): WE are trading sideways right now. Somet...

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Re: maybe_this_time post# 114044

Thursday, 10/20/2011 3:39:26 PM

Thursday, October 20, 2011 3:39:26 PM

WE are trading sideways right now. Something will give eventually. It has too. However, I think once Europe figures out difficult it will be to execute their plan, is when we can expect the market to over react and dump their share of SPY. I think we are getting a little top heavy and we are going to need great news to bring us out of the channel that we are currently in. I am in puts, I will hold as I am never optimistic about the markets.

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