Wednesday, May 13, 2009

Okie

So we have a 3 day losing stretch here in the markets. I would not get overly bearish yet as the bulls will NOT give up without a fight. More than likely we test 876.50 overnight or tomorrow and that might give us a bounce.
There is a possibility if the selling accelerates we can get down to the 854 level which was resistance on the upside, let's see what shakes.

876.50

Next level to watch on the S&P, maybe we hit it overnight but that's the number to watch

Bill Seidman Gone

Personally I think he was one of the only true guys in the financial arena. Goodbye Bill you will be missed by many.


MARKETJEDI- Prayers out to his family

AZO trade

Taking it off here +$5, this trade is like pulling teeth