Replies to post #34839 on The New CS Board

[etalors]

On those same lines. I have a question. A lot of people are expecting this retracement wave to go up as high as 2750-2800 area. This current retracement is already 20%.

I would rather close my shorts from the spx 3000 area and reshort if going back upto 2750 is a done deal. Anyone see that happening. Why would the market give anyone the opportunity to short that high and at the same time allowing the trapped longs to exit at a lesser loss (those who bought at the top). Does the mkt always follow ewave blindly.

[ahimsak]

I see spx 1450 or lower before we bottom sometime between oct of this year, and march of next year.