Expectation

I fully expect us to test the May 6th lows on the indexes. Therefore we should hit 9880 I believe was the lows for the DOW and 1066 for the S&P. I will be back Monday

BINGO!!!!!!!!!!

WOW they close right @ 1072 on the S&P. I pointed out that number @ 1pm.
Man oh man what a market. Said it this morning that today would have been an interesting day.

Have a great weekend-

BINGO!!!!!!!!!!!!

1072

Well I am about to leave here. I am going out of town tomorrow till saturday so I will do some charts if I see anything interesting. Tomorrow don't expect much as it is option expiration and with this down day so far I don't think anyone would be doing much.

Watch for a bounce mid next week.

Yep

Yep said it going to be a very interesting day today. DOW DOWN 319 before the first hour but what is more important we comping to that important 1074 area on the S&P on the upside. I guess the next important support will again be 1054 area that was massive resistance on the upside.
My work is showing a time low next week but it could be off a couple of days but as of now I am looking for us lower into next week

Going to be interested

Going to be very interesting market here today. Euro zone is in a mess and nothing will stop it from finding its "TRUE" level. We are trading below S&P 1096 and are at the next support level of 1083 before the open. I have no call on this open as we are at S2 level. Only thing to watch is how much we bounce.
This will be a first open for the S&P below its 200MA which is significant in itself but most importantly is the Germans move to stop shorting I think will be the first gun in a move of the big investors to stay out of the markets leave demand levels low and therefore lower prices.
I do hope we bounce because it would be an excellent chance to short. AAPL and GOOG should get hit hard on the next round of selling as they are inflated. AAPL will definitely see below $200 on the next round of selling and GOOG low $400 or below but we will see.

Marketjedi