Tuesday, October 4, 2011

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.

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