Well looks like the mighty GOOGLE missed earnings along with Microsoft and MER news after close showed we are dead in the middle of a bear market. They last 2 days of movement was just short covering in a bear market, if you bought you will be very sad. I think next week will be a down week and next month August will be bloody.
Write it down now I think we will be close to 10000 on the Dow in the next 4-6 weeks. I think a dip below 10k will put some fear in the streets.
I will be going long SKF next week monday. Today being option expiration we will get some false moves so I dont want to be part of it.
Next week folks short Tech and Financials as they are going south here.
MARKETJEDI
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