Tuesday, October 4, 2011

1068 rally-

Read my post at 8:53am, exact to the tick on the S&P 1068 HELD WE 40 POINT ABOVE Correction 50 point above

BINGO

1068 held like a champ- trading at highs of the day- 1104

One Question?

One question where are the Bulls calling for 1500 on the S&P in May. Why dont they bring them back on the Television?? Regular Wall Street pump and dump and the public.

1068 holding

1068 holding we now trading @ 1091

Weak still

Though we held 1068 we are still weak here- Bernanke is talking so that might be the problem. Should be key that 1068

BAC

New lows on BAC- Buffet is the MAN!!!!

Bingo

Hit 1068 and bouncing. Lets see how far we bounce. Death to BAC.

1045

Also 1045 comes back into play as it did on the the upside

OK folks

Ok folks this is what I see here. I see some support at 1068 area in the S&P. We traded down to the 1071.50 area before market opens but I would be getting out of shorts at 1068 level or 1056 a lower point as I believe we will get a reflex rally off those points if we hit them- I could be totally wrong here but the risk reward is surely compelling. On a time projection analysis I do see another low in three weeks and that tells me October might not be a pretty month for investors.