The SPY has broken all support...new price target 65

Discussion in 'ETFs' started by Port1385, Feb 17, 2009.

  1. [​IMG]
     
  2. Going to give credit to Tim Knight's blog from which you ripped that chart?
     
  3. pkts

    pkts

    What I love about that chart is that if you went back 2-3 days you would see the support.

    Talk about manipulating the information...the whole point of charts is to be (somewhat) objective!

    Well done.
     
  4. One step at a time buddy. Only 1 wave down today and still got the year lows first.
     
  5. ACTUALLY there is NO MORE support.....the current market is suspended in animation, just waiting for it to look down and notice there is no floor under its feet! :eek:

    :D
     
  6. S2007S

    S2007S

    Im extremely bearish but looking for a bounce back to 7800-8000 range. Looking a bit oversold.
     
  7. This chart is lacking on the time frame.

    Also, it is the S&P and not the SPY.
     
  8. Please post a screen-shot of your current positions.

    Thank You.
     
  9. Yea the chart is ripped from slopeofh0pe, which is populated by n00bs

    The sp00z isn't falling to 650. Not going to happen. Ever.
     
    #10     Feb 20, 2009