Hmm, it looks like 89.10 is the bottom for SPY today. Stocktrader may turn out to be right after all but I still stand by my previous statement.
That bottom should be taken out because the momentum switched to the bears hour and a haft ago just a pull back I suspect but we'll see whose right the volume is coming in now.
Dow now 130 points off lows and surging the funds bring the price down slowly with tiny orders and then around 2:30 they jam it higher and force the shorts to cover. it never fails. Thats how it works.
the volume is starting to pick up now...yea we could easily see another 150 point pop in the final 20 minutes
dude ..you were saying the same crap all the way down from dow 12000 .. i mean ..come on .. of course markets don't go straight down or straight up ..but we are in a nasty bear market with deteriorating fundamentals .. who cares about FDX ?? are you a loon ?? we may as well throw out all the stocks in the SP 500 that have bad earnings ..and only pay attention to the ones that have good earnings ?? get real dude