Replies to post #22004 on SPDR S&P 500 (SPY)

[Footquarters]

Hi learnin'


Look very bottomish to me near term after looking at the indicators, but Monday may be another kick out day then up.......Plus TRINQ is still on a sell signal... Breadth was bad, they rallied the generals off the bottom today, so watch for the follow through with AAPL, RIMM, GOOG, MSFT etc on Monday if we are going back up to 1470 area. Also the old 401K ramp up on Tuesday and Wednesday. Fundamentally though, I am not sure, banks are very questionable, not sure how the rest of the world looks at all this.

[Footquarters]

MACD

if you look at this chart, you will notice that the MACD cross has been the up and down determination of late. Some kind of volume in the morning. So safe move would be a cross for that.....