[Jimbo]

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The problem with using one of the more common moving averages as a technical indicator is that you set yourself up to be exploited by specialists. If they plan on moving a stock up, they know that they can accumulate more of it by first moving it below an important moving avg # and inducing people to sell.

If you look at the last time the stock broke the 200 day ma, it popped right back up. Also notice the tremendous volume increase as it broke through on the downside. That means specialists are accumulating mucho inventory. They sure aren't gonna sell it for a loss.

My guess on this stock is that it's gonna sit where it is for while, maybe a few months, and, then go back up.

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Just curious if this is a canned response that you cut and paste? The reason I ask is that the SPY is composed of the S&P 500, it is not a single stock controlled by specialists.

On a similar note if specialists are so omnipotent why are they leaving the floor in droves and losing money hand over fist these days? You do realize I hope that specialists are only involved in about 1 in 30 stock trades on the New York Stock Exchange, wheras the rest of the trades take place electronically.

Jimbo