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[thoughtpwr]

Friday's are the day that 7 of 11 SPX sell patterns were identified as 80% winners by Larry Williams. Thursday has 4 patterns (two are shared with Friday). None of Thursdays sells applied to today's walloping. Tomorrow, the following signals apply to three different historical patterns, which are potential sells: 1) Sell SPX: Open(Fri) - 0.8*Range(Thurs); With Range(Thurs) = 26.21, translates to Sell on Open(Fri) - 20.97 2) Sell SPX: Revisit of Low(Thurs) = 1955.59 3) Sell SPX: Open(Fri) - 0.3*Range(Thurs) = Open(Fri) - 7.86 If that isn't enough ammo for the bears to use to bring this market down further, I suspect we see a rally the likes of which we may not believe. I see a pattern based upon holding today's low where we rally straight to new highs in very short order. Another warning, based upon these patterns, both of the last two Friday's have had a sell setup, with both times the SPX crossing the trigger level for a brief time (< 10 minutes) and rallying out of it. IF the market is still in bull mode, which these levels (SPX > 1930; via Zentrader) do not tell us otherwise, then the lows should be bought tomorrow. Another point: If we have both a negative Friday and Monday, things are really going to get ugly for the next several months. So the door is open to the bears to seize the day, but will they be able to? Today, made my Friday more perilous than I needed it to be, since I am looking to have may puts and put spreads expire worthless on the close. Today, made some of the nearly-sure worthless expirations require vigilant watching tomorrow, unless we get any rally at all. The most note worthy of my July 25 put spreads is located between the IWM 110-109 level, which was identified as the heaviest put support level which may be pursued, if delta hedging were to drive the expiration close, which may be happening. The largest IO is at 105. Interesting Friday in store for all. Not you sleepy summer Friday............. Thx, EJ