Thursday, October 15, 2009
Keep eye on 1115 on S&P...
This will give us a 50% retrace from top to bottom. Also public is starting to get fired up about the demise of dollar and rally in the markets, this is usually the last nail in the coffin before we go to new lows
Keep eye out for Oct 27 to put in a intraday high, its possible we may stick around these levels until Nov 20th before the next leg down begins.
2010 is going to be the final wake up call for everyone in the markets.
BTW still holding some longs (mostly dividend payers, shorting COF, I took profits on the last dip and still holding some, I will add to shorts above 1100 and sell most of my longs