Te comistes el Fake-out or Break-out?

The SPY broke the descending trendline on very low vol. All indicators show the market oversold and are currently turning up. To convince me, this shit has to break $111 on higher vol than this... Still Cautions but as of ahora, the futues are pointing to a positive open.

SPY Daily



Pero, I have some positions I opened on Friday but in my longer term acct (IRA:

S (Sprint) bought due to recent sell off and on the HTC EVO hype.

S Daily Chart:



DCTH (Delcath Systems) - bought due to the recent weakness out of the ASCO Conference (Bio tech conference). Had relatively good news but sold off on it... playing it for a bounce (el rebote!!)

DCTH Daily Chart:



Picked up some RIG (Transocean) again - This has gotten the shit beat out of it since the start of the Oil Spill. Trying to catch the falling knife! Otro rebote pa la guirita!!!!

RIG daily Chart:



Still have $VXX and $GLD calls for hedge...