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Re: SteveSchiets post# 357

Friday, 10/09/2009 5:21:06 PM

Friday, October 09, 2009 5:21:06 PM

Post# of 15617
Ya, I think we may have hit higher low here today. May depend on what the market does next week, but all tea leaves I am seeing say the market is heading much higher till december at least. We may see a drop back to as low as SPX 1050 by friday next week, I hear that is max pain for options expiration on Oct 18, but we also have the big boys earnings reports next week, so we will see. I suspect we will do more side ways moves next week, then begin to try and place new highs the next week, after oct 18. If CABN holds this bottom next week, we might see some rally here too.
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