1045

Also 1045 comes back into play as it did on the the upside

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.

wow

wow seem like they want to test 1100 if not 1096/7 area

1106.75

That was the September lows 1106.75 we have to watch that level carefully

Crazy

Got in last night - computer system not working, car no working everything falls apart when I am not here. What a way to start the week. From the pattern we are at here we are obviously going to test the lows of the year.

Worst quarter since financial crsis

last Quarter was the worst quarter since the 2008 financial crisis

Markets death

Traveling yesterday through airport I got a chance to see the bloodbath of the markets on tv monitors. I had no idea how bad it was till I got internet connect where I am and saw the financials, Gold, Silver and even Oil shot down heavily. It is so funny I ALWAYS miss the big days having appointments or traveling. Good I had set up some shorts when everyone was saying buys that are now well in the green. Here i am looking for new lows on the Financials, I expect GS to make new lows, BAC, MS and everything else in that sector. Gold looks ripe for the pickings as I said before it is just a matter of time before we get deflated on that one before we go again higher. Based on yesterday action as I am away overseas I would say everything was being sold and as such I would look for the regular Gurus like Cramer and such to be in the tube saying this and that stock is CHEAP. Yep I agree and they will get CHEAPER. Remember in the grand scheme of things I think when the stocks like GOOG trade down to 300 area that's when we will get a real good buying opportunity everything else now is just a short term buy for a trade. The market is weak and I would just be buying here at all I dont care. I truly believe those in cash now will be rewarded when we go much lower to really get a nice spot to buy stuff.