Hi Babylon,
Thanks for your reply and I concur with what you have layed out. It just seems to me as though there may be a leg down within a leg down if that makes any sense? This market is mostly news driven which makes it "oh so" difficult to get a clear picture of trends. I think it is pretty certain we are heading down, just how far and when to jump in for the ride back up (which will most likely be short lived).
Not to get political, but I do not believe in this so-called short war that we are being spoon fed lately. I think if too many are expecting a 10-day war we will get a sharp sell off when it does not play out that way. If/when we go in it will be decisive, but realistically the bombing alone will more than likely last a month or so minimum. JMMO
Happy Trading,
Bullwinkle