I am glad this is happening

What else a bear can ask for. We needed to purge the short interest and bearish sentiment ... There will be a great time to short again, unless underlying conditions change. My deepest sympathies for those who were still short from yesterday. I for one watching USD and Gold much closely from now on. They will be the most accurate forecaster whether the conditions are changing or not.

What else a bear can ask for.

We needed to purge the short interest and bearish sentiment ...

There will be a great time to short again, unless underlying conditions change.

My deepest sympathies for those who were still short from yesterday.

I for one watching USD and Gold much closely from now on. They will be the most accurate forecaster whether the conditions are changing or not.

Using the 2000 Bear as a guide, on average (3 Declines) we dropped 23.5% below 43 week Moving average, that equates to 1080 on SPX, thats my target, line in sand is 1300 SPX and if that is taken out next is 43 week at 1335

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=10&mn=0&dy=0&i=p74419142126&a=132157342&r=3270.png