Wednesday, August 19, 2009

Futures taking a nasty hit as I write this...

979.50 low on futures right now.... we are testing yesterdays lows, if we break it then 975 is a given, if we break 975 then we could head to 950 fairly quickly but I don't see this just yet.

Ohya that little place called China, well its down 20% already since its highs less than a month ago! Welcome to the next wave down on this bear market, China is a leading indicator for the world right now.