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Re: was Steve post# 36641

Thursday, 01/29/2009 3:07:31 PM

Thursday, January 29, 2009 3:07:31 PM

Post# of 37180
after gapping right over the previously identified key areas of 1200 ndx and 850 spx, the market has sold off hard today and is now testing them from above...aka a backtest. in a perfect world (not the one i live in) the market will maintain these levels and head up from here no later than monday but preferrably a little bit of it into the close today

failure to do so should bring on a quick trip to the lows of last week with potential to test lows of november

Blood in the streets. The house of cards has come a tumbling down.

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