I thought for sure that we would cover the gap at SPX 1198 today, but something a little more sinister may be in the cards on the down side me thinks. Looks like a 'b' or '2' wave sucker's play bounce today. Maximum downside looks to be 1168 SPX. E-Gads could we go that low by Friday? I'm still short. We'll see.
18+18+18=54 TD since the August bottom Friday Nov 12. I view late August as the 18 month cycle low, so we could have a nice dip into the 10-11 week cycle low due just about now.
Bounced Off 16 day Cycle Low
Started by
blustar
, Nov 10 2010 03:16 PM
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