Dear Readers The National SOPITALIST Casino will soon be closed for today and the Wall Street ( WELFARE STATE ) will go to burbs to count money they screwed ordinary citizens out of. We traded today attempted to purchase the market at the most promising support point. The trade did not work out and we Had made/lost nothing on it. If anybody is long that long position should , at this point, not accede more than 10% of regular position.
Hi Boris, Here are trendline charts for the $SPX using a new pivot series and shows a .5000 node and a trendline touch probably immanent early tomarrow..Now that will produce a bounce. The trendline target? 1437.88. Pretty close to 1438. I would say...Can't say at this point if this pending bounce means decline is over, my gut feel is that we are headed for the regular type trendline that connects 8/16/07 with 11/26/07, but some kind of bounce should be in the cards tomarrow...Regards,Mark L.