Replies to post #7647 on SPDR S&P 500 (SPY)

[GLENO34]

See I finally fooled the market..I didn't have to short any more..I was fully loaded..

[Footquarters]

Hey Dennis

Technically it makes Gleno the Board Stud...in reverse...not sure what that makes him....LOL

[learningboutinv]

Denmo, I've been lurking around for years and hardly post. I'm just curious if you're getting out of your longterm 401K positions today or waiting for the next couple days for a dead cat bounce.

I noticed your wingman the Denmo6 is on a sale today obviously due to the large drop. I was able to unwind all my trading accounts during the middle and end of last week and had a couple ultrashorts in a few accounts placed last friday. But I left my company 401K (long-term) alone which is 1/2 global funds and 1/2 mid/small caps and S&P since June of last year. (I'm thinking it may be time to take a profit on those tomorrow.)

It looks like we're hitting major support on 50 MA on the Daily $MID and $RUT. $SPX and $NDX has cut through the 50MA on the daily charts like a hot knife through butter. I figure a possible dead cat bounce back to the 50MA on the daily in the next couple days for the SPX and NDX.