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
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.
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
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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