Friday, May 21, 2010

Mini October/November 2008

Like those crazy days of 2008 we had another classic one way panic move in the last 30 minutes.  Yesterday we had it to the downside.  Today it was to the upside after sucking in the bears with the drip drip lower move.  There are no more market makers, no axe, just black boxes going bananas at the close.  I hope we see more of these one way closes because they are kind of predictable and easy to ride.  We've seen a short term bottom.  My initial price target is 1115. 

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