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Replies to post #88393 on SPDR S&P 500 (SPY)

Replies to #88393 on SPDR S&P 500 (SPY)
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Fox13

09/25/09 1:09 PM

#88394 RE: Two-timer #88393

What I see is massive stock distribution while indices are supported. I think we might see more down. Also, watching OEX gyrate right under the 377 EMA (483.60). This is important. If it dives from here…..

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Fox13

09/25/09 2:00 PM

#88395 RE: Two-timer #88393

Two: I think the question is what will be the dominant drive in the afternoon: distributing long positions or short covering? I would not count on window dressing. The fund managers can tell their clients that they exited many positions because they are smart and prudent.