Opinion on SPDRs (SPY) Sector: Financial > Industry: Misc. Financial Services
Bearish on SPY ...

Jul 01, 2008 05:45 AM UTC

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This pick is about: SPY

Rating:	$128.38 (07/01/08)
Closed:	08/13/2008 @ $128.57001 (-0.15% in 43 days)

As noted at the end of last week, I have positioned myself for a bounce. However, these plays are short term and I will use the bounce to deploy a number of short play. Here is the plan for the S&P. This chart annotes SDS, the inverse S&P short ETF. Looking at the S&P from an inverted perspective, via SDS, it's obvious that the bears are in control and strategic shorting is the best way to

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