FinancialAdvisor's College Class (FACC)

[QuickTrade]

THE LEG!!

Just like I said, "I think a bounce will happen and that will be the first leg up which will get the technicals out of the oversold areas, then it will be a nice shorting opp."

Hope you guys are shorting not going long right now. This is the crucial leg which will tell us everything. If it drops below the low (before it bounced) then this market is not finished dropping and will find new lows way down there somewhere. If it starts to bounce back up from above that low, then that will be leg #2 but has to go above where it just was and that will be an uptrend established. (NOT CONFIRMED) The 3rd leg will confirm it.

Good Luck all.