If Ford (F) holds tomorrow, I'll go out on another limb and say we have seen the S&P bottom. In the past several weeks, I used (MSFT) Microsoft for calling the market top and am using (F) for calling the bottom. MSFT was leading the S&P on the way up. And F has been leading the S&P down. I played MSFT correctly and plan to play F, once the bottom confirms, there.
My next play is Ford, then MSFT again. If the Ford basing channel holds with a second positive candle tomorrow. Monday should be up and if that happens. IMO the S&P bottom is in. Ending with a 8% pull back, just short of the 10 to 20% correction all the talking heads are pumping. Yep, I'm on the bull/bear fence again. May re-enter bull thinking mode soon.
As I just posted, IMO some trading house tweaked it's HFT front trading algorithms and cause the 4 day crash from 3% pull back to 8%, because of the Ebola scare giving them the perfect excuse too. A let retail eat cake, move, by the market queen. LOL
We'll see. IMO watch Ford the next few days. And also MSFT, to fill it's gaps above. If Ford turns Next week. Changes there will cause me to leave FAS/FAZ. The plan is F, then MSFT, then off FAS/FAZ.
Mean while all my OTC watches are scat, laying on the stock yards, ground. Still waiting for a new trail master to herd them up and move them out. LOL
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