VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Clappy who wrote (63430)	6/14/2006 10:49:44 AM
From: RR	Read Replies (1) of 65232

Are you getting ready to buy the SPX for a trade? Hi Clappy: In answer to your question, "no." I am in a holding pattern on the SPX. The 60 is trying to bottom but it could still roll around down there for awhile. The daily has not bottomed and looks to have more to go, so I'm not buying yet. I'm not talking day trade. I'd like to see a stronger buy signal on the 60 and even the daily, with the little ole blue lining crossing the red with some conviction given the way the market has been acting. Look for confirmation. I'm cautious in here, Clappy. Patience I tell myself. RR

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