Bigworld, Looks like the place to be right now is on the sidelines, ie cash and T-Bills. Everything else risks being sucked into the vortex of the bear market.
Here are the support levels to watch for the S+P 500 (below). Current level to watch is 4000, and below that is the key 20% bear market level of 3840 -
S+P 500 Support Levels - (approx) ******************************
200 MA --------------------------------- 4493 50 MA ----------------------------------- 4383
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