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kuwlness

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kuwlness

Re: Traderfan post# 186

Wednesday, 06/15/2011 1:35:59 AM

Wednesday, June 15, 2011 1:35:59 AM

Post# of 215
Looking for a bounce back to the S&P 1306-1312 area. Then I see two possible scenarios from there:

1) Back-test S&P 1294 and rally to new highs.

OR

2) Break 1294 and back-test 200-day and/or S&P 1250 area ultimately rallying back to 1294 one more time for final confirmation of upcoming bear market.


Better to wait for confirmation for the big trade and just play the momentum bounces/channels for the time being.

The Above Message Likely Contains Coarse Language and, Due to its Content, Should Not Be Viewed By Anyone.


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