SPX 780/81 Area To Watch

I've been waiting for the running correction top at SPX 780 for days now. Whether a Wave 4 or Wave B , it doesn't matter. If we fail, the market is in BIG trouble. If I'm wrong the best we can hope for I would think is sideways action into March. Somehow I think that is not in the cards.

Yikes, the 4 day trin is at .69!!! That is extremely over bought.

I've been waiting for the running correction top at SPX 780 for days now. Whether a Wave 4 or Wave B , it doesn't matter. If we fail, the market is in BIG trouble. If I'm wrong the best we can hope for I would think is sideways action into March. Somehow I think that is not in the cards.

late PM rally started when news of a 3:45 EST announcement at OBama, Geintner meeting breakup..news expected on bank plan...

seasonal end of month strength expected..last day of month to first 4 days of new month..........

I've been waiting for the running correction top at SPX 780 for days now. Whether a Wave 4 or Wave B , it doesn't matter. If we fail, the market is in BIG trouble. If I'm wrong the best we can hope for I would think is sideways action into March. Somehow I think that is not in the cards.

late PM rally started when news of a 3:45 EST announcement at OBama, Geintner meeting breakup..news expected on bank plan...

seasonal end of month strength expected..last day of month to first 4 days of new month..........

and turned around a negative A/D day. End of month may not work here. It doesn't always work.

So far we have failed and on a reversal day yet. My goo-ness could this be it!!! Could it be the jobs report Thursday? I'm still short. I feel bad for the long probers here if they are not day traders or have real tight stops.

I am still short with DXD. All my short term indicators point down..... Still short the gold sector also......although is seems to want to bounce up a bit tomorrow....Could it be that GDM will do a quick ABC up Tomorrow before the final plunge? Goldswinger.

So far we have failed and on a reversal day yet. My goo-ness could this be it!!! Could it be the jobs report Thursday? I'm still short. I feel bad for the long probers here if they are not day traders or have real tight stops.

that was a mean reversal, based on what exactly?

So far we have failed and on a reversal day yet. My goo-ness could this be it!!! Could it be the jobs report Thursday? I'm still short. I feel bad for the long probers here if they are not day traders or have real tight stops.

that was a mean reversal, based on what exactly?

Testing the SPX 780 area which was the bottom of the previous impulse down.