Monday, August 8, 2011

snap back

When we get a relief snap back it will be brutal. We are stretched here to the extreme. Right here the shorts have less risk reward

WOWO

HERE IS 1121- DO WE HOLD OR CRASH??

Thoughts

After a huge gap down and continued selling to make new lows after lunch is not a good sign.

DOW 11K

Trying desperately to hold 11K, here on the market

PANIC!!!

1140 DIDN'T HOLD!!!! Next support I see is 1121.50 if 1136.50 dont hold here.

BLOODY

Blood Bath

Geez- 1152 not holding-
maybe 1140 holds but this is ugly

WOW

We really hit 1152. low was 1151. still looks like death- seem we going lower but waiting on confirmation. this might provide support

1152-53

Watching 1152-53 for some meaningful support at least short term.