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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: chowder who wrote (104321)	7/2/2008 5:43:03 PM
From: upanddown	Read Replies (2) of 206326

Dabum Have you ever looked at SPY? I like to use it as a proxy for a general market rally and I think the market is dying for a little rally here. I know you like high volume issues and SPY has to have the highest dollar volume of any stock in history, averaging about $30B daily. The liquidity is incredible, the spread is usually a penny and a stop-loss usually executes within a penny of the stop price. It is also approaching a support point that it has bounced off twice this year in Jan and Mar. What would you be looking for here to indicate a price reversal? TIA, John

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