SPDR S&P 500 (SPY)

[2bit-nothing]

That is quite alright, I can see the frustration trading this market. You can only keep your trades from 3 to 7 days at most. I thought I changed my statement from crash to sell. If it makes you feel better, I have puts going into Dec 1 and of course I took a hit but then I took the loss and went long. Don't bend on one direction, this break out is obvious for long initiations. With so much manipulation in the market one has to switch quickly. Position trader was wrong, Terry's T theory was wrong and just about anybody who does longer term forecast is wrong. You cannot see further than a couple of days in these murky markets. Anybody who gives you a long term forecast is BS. The down leg was from Nov10 to Dec1 and this is another up leg. Targets are 558, 564, 576 and 584 and don't expect it to go up in a straight line. As long as it is above 538 (this number changes everyday) it is up...

2bit