Replies to post #56474 on SPDR S&P 500 (SPY)

[learningboutinv]

Gleno don't know if you saw this but I was editing my post to add this on: "(Although I am skeptical right now... We have to get past 46 on the QQQQs.) It feels like the movie groundhogs day w/ Bill Murray. Buy at QQQQ ~44 and sell at 46. That has happened like approx. 4 times."

[learningboutinv]

Oil popped after the report @ 10:30: "According to the government's weekly energy report, crude inventories fell by 81,000 barrels in the week ended July 25, which is smaller than the expected decline of slighly more than a million barrels. Crude prices were down 0.9% at $121.30 just prior to the release."

[euterpe1]

G,

Just bought some SDS on the retest at 66.36. I think you are right. I am playing the 5 minute chart.


3/10/08 40% long
3/11/08 Scaling back to 30% long EOD
3/13/08 Scaling back to 20% long EOD
4/7/08 100% cash EOD.
7/3/08 Close short at open. 100% cash.
7/8/08 20% long EOD
7/10/08 closed long EOD - Runaway train

[euterpe1]

No need to look a gift horse in the mouth. Back to cash. .48 a share for 7 min. work...if you can call it that.