Oct 4, 2011

Short term update

UPDATE after the close:
Wow that was fast!!!! The bottom is in a rally for 2-3 months is the next move.

The indexes just moved lower without a pause. SP500 is now in my target range 1080-1100. I think this week we will see a bottom. I am patient... we still do not have a long signal but nice divergences are forming.
Alternate scenario is a plunge all the way to major support ~1020.

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