Friday, May 1, 2009

SPY gets whipsawed...

SPY played out a sloppy head and shoulders of sorts, but not sure what happened after hours.

The magic 87.50 was violated on the downside and then re-gained with the "smart" money at the close.

I think we go lower on Monday, but I have little conviction.  

Terranova is taking out his checkbook and buying tech stocks for their dividends.  Okay.

3 comments:

  1. Yep.. Trish called it and Tearanova....

    how do you get that Greasy?

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  2. Greasy? I used to think he was using hair product, but now I'm convinced it's genetic. I had an Uncle Louie growing up who wore a lot of Botany 500 shirts in tropical colors and always looked like he could lube a universal ball joint with his forehead. Joe reminds me of him. Louie got caught schtuppin' his secretary at the company picnic and I never saw him again.

    Trish. If those things were brains, she'd be a quantum physicist.

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  3. Isn't schtuppin... Yiddish?

    When in doubt bet with Guy Adami.... and look to that Doug Kass...

    they are with me/us....

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