This has not happened for more than a day since July and even in July it lasted only like a week. We may get a real correction here. Not a 20 point swing. I am personally looking for about 1030 to 1035 at which point I will need to access the situation and figure out what happens next. Right now, sitting tight on the shorts I have.
S&P about to fall under the 50 day moving average.
Started by
stocktrender
, Jan 21 2010 06:04 PM
2 replies to this topic
#2
andiron
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Posted 21 January 2010 - 08:20 PM
we will wait for 7-8 trading days from here to gauge if this sell off is different than earlier sell off..that is merely pull backs..
#3
milbank
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Posted 21 January 2010 - 08:40 PM
REALLY BIG!
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
