Well SSO is an ETF (exchange traded fund) I really feel like the market is trying to put in a bottom here. I wanted SSO at about 27...had I waited about 90 minutes I'd have gotten that...the market gave us a bit of a headfake on the 15 minute. We are deeply oversold here and I'm looking for a bounce. If we get a half way decent bounce...SSO could move to $40 in no time. If the market tanks another few hundred points...the very short term downside is likely 24-25. Both Professor Fish and I feel that we're about done here with this retest. Regular readers we'll know I've been expecthing another trip to the 8400 level. I think we'll be in great shape with our 200 shares here.
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