Wait for bounce on monday or tue to add back shorts!

you probably see a rebound followed by a plunge through.

I am holding through the weekend as volume was not high enough or the AD lop sided enough for me. If Prechter is correct then we will have a big gap and follow through next week. We also do not have enough frothing bears here or other places whose doorsteps I darken.

you probably see a rebound followed by a plunge through.

That's what I'm thinking myself. Today's SPX candle is more than 50% below the lower bb and the CCI is showing extremely oversold below -200

you probably see a rebound followed by a plunge through.

That's what I'm thinking myself. Today's SPX candle is more than 50% below the lower bb and the CCI is showing extremely oversold below -200

SPX could get back to 1120s to scare off the bears get all the bulls back than plunge all the way down..

you probably see a rebound followed by a plunge through.

That's what I'm thinking myself. Today's SPX candle is more than 50% below the lower bb and the CCI is showing extremely oversold below -200

SPX could get back to 1120s to scare off the bears get all the bulls back than plunge all the way down..

That's my guess too... 1120's level...

I agree it's bounce time, and bot some stks today. 1085 is major support and I'll probably buy more if we reach that level Mon or Tues. If Ben is confirmed early next wk wallstreet will vote with a huge bounce. If that doesn't happen, then the tankage continues non stop. After that the correction will contine for a few more wks..imho

Bernanke reconfirmation is in the bag. He hasn't done anything that is stupid.

you probably see a rebound followed by a plunge through.

That's what I'm thinking myself. Today's SPX candle is more than 50% below the lower bb and the CCI is showing extremely oversold below -200

SPX could get back to 1120s to scare off the bears get all the bulls back than plunge all the way down..

That's my guess too... 1120's level...

Hey Cycletimer, in a "normal" market, a bounce under those conditions you can take to the bank. But what is happening the last few days is anything but normal. Any slight bit of bad news or maybe even no news over the week end could trigger the continuation of the waterfall drop we had Today regardless of CCI's, RSI's or what have you. Most large players are now realizing we could have a major drop to the SPX high 800's or low 900's and they will want to get out of the crowded theater as fast as possible. Given the large volumes that would need to be sold and the lack of buyers in those volumes, I would call that the pump (how ironic) that drives the waterfall.

I realize there is another punp that may want to push the water up, but gravity usually wins.

GS.

Looks like the set up but what about another plunge to 1044 (get last majority of bulls out) then a sky rocket to 1125-1130.

Looks like the set up but what about another plunge to 1044 (get last majority of bulls out) then
a sky rocket to 1125-1130.

Very possible, but very likely no new highs....


GS.