Tuesday, November 16, 2010

Just a Correction?

The vast majority view this pullback as just a small correction before we get the year end rally.  There is little fear of a plunge like we saw in May despite sovereign debt concerns in Europe and the recently stronger dollar.  I think there is something more lurking in the waters for the rest of November. 

If we do get down to 1160, I don't think it will just stop there.  From 1160, I think a flush all the way down to 1130 will happen.  That flush will evoke fears of the flash crash and that will probably be close to the bottom.


Anonymous said...

Sold DRV @ 21.78

dolla dolla billz

Ol Dawg

Anonymous said...

Long EDC @ 36.24