New Week

What a turbulent week last week. We are still bouncing off that important 1068 number and I am sure the bulls are trying for that 1250 now. Lets not get into a totally bullish mode as we are just in a retracement play in a larger bear market. Can we go higher than 1250 sure! Actually I have some projections all the way up to 1338 but who knows as we are just trading off the European economics problems. I have a stock play that is going to be a long term play that I will post soon. I am just waiting for the right spot to get in. Lets see what they want to do this week. Also remember the trend is we reverse the option expiration week move so this week probability is down but I would not bet the farm since we are trading 90% off news.