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[dTraderB]

High probability (80% plus if I have to be more specific) that we are at or near a Short term Low. SPX could spike down to as low as 1205 but that should be the low for this ST move down. Then, I look for a brief rally, even up to SPX 1250, going into Friday's JOB reports. Greek George is playing a dangerous game, trying to save his political skin at home, and trying to blackmail his way to a few more billions, but he will be gone soon. the Euro zone crisis will drag on but the worst is almost over. The 20% probability is for a FULL-BLOWN crisis with the Greeks taking down everyone and Italy et al becoming unhinged, and a very bad jobs report on Friday. You got to be nimble in this market, hedge as much as possible, take profits, and go with the flow. OR, JUST STEP ASIDE until this volatility and wild gyrations subside. Anyone trading the euro ETF, EUO? good volume, but options thinly traded. Same with Yen ETF. Will short TZA