SPY (04 Dec 2008)

Out of curiosity, I have updated the SPY forecast chart. Apparently, we are still lying in the grey area. I believe Thursday's trading session could be key, here are the updated 2 scenarios.

1. Bearish case - Rally to 91.91 before turning south for more selling until 73.79.
2. Bullish case - Breakdown to 80.44 before turning around for a huge rally tp 92.94.


My stockpicks:

Potential Shorts:

AZO - 116

FSLR - 133.72 - A gap up could be possible before rolling over

FDX - 71.83 - A gap up could be possible before rolling over.

Potential Long:

AZO - 91.9

FSLR - 92.89,

FDX - 44.45

GS - 72.79 - A gap down first perhaps.