Monday, October 3, 2011

S&P 500. Potential bottom tommorow @ 1070

Expecting a temporary bottom to form tommorow on the S&P..


-------------------------------Updating this post made last week....i think we're about to reach the end of a wave tommorow around 1188-1189.... i belive the next direction will be down.  I think there's a possibility we make a new low, but if we do, it will be the final one before a massive wave higher....If we dont make the new low at 1033, correct, then make new highs above 1190, then chances are we've seen the worst of it...will let the charts tell us what to do when the time comes. For now, the play is to go short...(with a stop as usual, a couple of points higher)


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