Replies to post #59395 on SPDR S&P 500 (SPY)

[learningboutinv]

Foot, I think this rally is suspect. For such a big move today on the $NDX, the $NAMO went down -.38?? Is the feed wrong? Also, $NASI is negative today -19.15 and only 13 new highs? $NAHGH actually went down today by -9.

http://stockcharts.com/charts/indices/McsumNASD.html

http://stockcharts.com/h-sc/ui?s=$NAHGH&p=D&b=5&g=0&id=p45383741931

I am thinking we will be heading back down shortly after this bounce is over.

The $USD is rallying but so is the Yen. As I said before, someone is wrong here.



Your Yen chart:


Finally, I don't see how we can start turning to the upside with the Treasury/Feds trying to sale Lehman by this Sunday. It sure makes you wonder what else is going to fail next. We should start up a Bank/Loan death pool. Bet on which one goes bust first. Rules being it has to be a top 20 bank, not a regional/small one.

"
Lehman for sale in rush to salvage struggling firm
Treasury, Fed reportedly helping as deal sought by this weekend
By Alistair Barr, MarketWatch
Last update: 6:38 p.m. EDT Sept. 11, 2008
Comments: 252
SAN FRANCISCO (MarketWatch) -- Lehman Brothers is for sale as Wall Street and financial regulators rush to salvage a once-thriving brokerage firm that's threatened by a potential exodus of clients and trading partners."

http://tinyurl.com/4bl4ru