Question about pullback

I got a question about pullback and how deep.
To answer the question here we could get a pullback to S&P 792 and still be in a bullish pattern, IF we break that then I would have to do our my analysis and see how lower the pattern could go.

Re: Gap fill area from last week is around 818-827, so watch here from support.


MARKETJEDI

GS

I am going to write a long thesis on the Goldman Sachs sell off today when I feel much better health wise. The corrupt of the system runs so deep but I will try to explain as simple and concise as I can, when I do.

Simple though Goldman Sachs is the biggest crook around !!!!!!

After market

Market is trading around the 834 level 7:30 PM tuesday and this is very close to support area I have @ 832. An important level to watch overnight indeed.
Below that we have 823 and then 816.
This is my scenario here, I think after this week earnings and options expiration the market will find it hard not to get a decent retracement. Based on this I am basically looking for one last push higher into friday/monday before we start this retracement.
Not much is going on either way as this is the deadly WAVE FOUR pattern in the elliot wave and the most difficult to trade. I will pass my time till it is over and get a real trend going, WHY FIGHT THE TAPE, WE ARE IN CHOP MODE!!!


MARKETJEDI

BAC

Looking to cover BAC around $9 level.

Cover SPY 1/2

Cover 1/2 SPY here from yesterday +$2

GS

Well for those who wondered why GS is down huge on making so much profit, it is once again in the details. The details are the quarter didn't include the month of December and therefore not a true representation of the earnings. Now I ask you this? WHY AREN'T THESE PEOPLE IN TROUBLE?????

When will the manipulation end???

Goldman Sachs

Yep called it Goldman would beat estimates but the big news is that they want to pay back TARP money ASAP because they don't want to be constrained by the government on their lofty pay packages.Folks this is the most corrupted system I have ever seen in my life. Goldman Sachs borrows taxpayers money to save themselves and then the government rigs the rules so they don't have to take any writedowns and then their stock skyrockets to $130 a share for really no reason. FOLKS THIS IS STEALING!!!! And what does the taxpayer get ZERO nothing NADA.
I have no love for GS because the are the ones that created the the problems and now again they have abused the system because of their inside connection and now have stolen from the taxpayers.
Anyways these earnings on the financials are important I believe. I do believe we either very close to a top here or we get one more push on them then crash and burn. The big question is how far do they pull back. I am telling you this they will be lower next year this time for sure, I can bet my life on it, but who knows maybe BAC goes back to $40, GS goes to $250 and citibank goes to $25 but I dont think I would wait for that dream.

I am still under the weather and just waiting and buying time for the market to give us better trading opportunities. The time to be patient is NOW.

MARKETJEDI