Earthquake

Another after shock in Japan, 6.0+ - Geez, scary stuff.

HIT

Hit the area I mentioned 4:00 am this morning- wow long long night for me.

Futures

Its 4:00 and the futures are getting hit hard.

1252/1254 looks like a support. Very emotional trading going on to the situation in Japan. We must take note that this might be a buying opportunity but don't overstay your welcome.

watch 1278

watch 1278 on the downdraft very important level for a low risk long

Sunday night

So here we are overnight Sunday trading down. One thing I have learned throughout the years is that it take patience to make real money in the markets. Many are saying that the top is in and though I am a longer term bear I don't think the top is in here and actually I will be slowly buying into this downdraft to accumulate. Now if I am wrong I will know right away and take a small loss.

WOW- Interesting

Looks like they want 1291.50 area

Very interesting

1305

Have to close above 1305 to keep positive. We really looking like we are forming a double top pattern so we will see- We never hit the top prices I expected so I am not thinking we have finished with the upside but we are close.