The New CS Board

[ahimsak]

Looks to me like we got a rock solid bottom in short term. We just had a 11% correction, interday high to interday low, and a nice reverse head and shoulders formation for last 3 days.

Wednesday was a classic selling climax day, and we got very oversold on my indicators that day.

3400 will be a 6% rally off the lows. I expect we see that level before the selling comes in strong again. I also expect several 30 to 60pt drops in the spx along the way.

Bottom line: This mornings dip was the time to get in fully invested. I am only 60% long stocks, 10% long silver. At least am long high betta stocks that move a lot more than the market.