Okie Dokie

Okie dokie folks here is one for the road, it is almost 12 midnight and I have been reading and studying charts and this is my take:
There is a good shot we break the November lows BUT I am not calling for armageddon when we do because I think that level will bring in the buyers. At that level many will say we have confirmed a double bottom and possibly get a huge rally. Now this rally in my opinion will set up the mother of all shorting profits, YES IT WILL. I hope we rally to 10000 on the DOW and 1000 on the S&P as it will be the easiest money in your pocket shorting at those levels. I see some action and many talking heads changing to the bearish side and that's my clue that we will soon see some form of rally but I just think we want those November lows first.
We will see soon enough! if that scenario plays out it will reap huge rewards if you know how to trade and again if you are holding stuff in that 201k opps, 401k you better sell when we do bounce because we might never see those levels again for a long long time.


Stay Tuned

Updates

Sorry for no updates today but today was a heavy paperwork day for me so I just watched from behind the scenes. I will be back tomorrow!
How about the game last night? pretty good game in my opinion.
Talk about this bad bank scenario not looking so good but I will catch up on some reading tonight with my technicals.