Monday, July 19, 2010

My prediction

From what I see.. we turned down last thursday.  Today was merely a bounce back to the LR lines, and next we will see this market proceeding down, seriously.  My targets for SnP are first 953-944,  then 884-879, then 842, then 800.

For the RUT I am looking at 547-544, then 498-487.

I suggest shorting every bounce.  In fact, I was hoping for a bounce on the SnP to 1077-1082 area which may happen tomorrow, I hope.  If so, I suggest nail it!

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