GE

Didn't even notice GE hit our $9 target. It is below $9 in fact. I am telling you this here and now all financials will be single digits when all is said and done

Borrowed Time

Action here in the market doesn't surprise me because I felt for the last two years we would get a meaningful correction in the markets. When I first analyzed it two years ago I concluded we would at least hit the 2002 lows made after 9-11. We are below that right now on the DOW but as most of you know the S&P is the better barometer of the markets.
I have no clue what they are going to do here! Today every single sector in the S&P was down, that's just terrible and I bet many will come out and say today was capitulation of some type but I have no clue. All I am willing to do is short the spikes on the financials and play the market intraday. Any gap up is free money short and the way we are looking right here I thing the next level will surely be 714-718 on the S&P. Do we get there tomorrow?? possible but it should be a good buy if we do but again you have to watch all your signals because the market is weak as a rat.

Wonder if they bounce us and call this a double bottom? We will see soon enough

MARKETJEDI

Nov Lows

Wow 20 minutes to go and looks like the market pulled a muscle. Come to me market I have some steriods for you, it is called you going lower because that's where you should be :)
Well tomorrow could be a nice set up if we gap down below the Nov lows and get some deep selling then move up back, that would be a good very good setup indeed.

SUB 7000

Sub 7000 just around the corner