I added on this drop under 1275 and am out of cash now. No change in forecast...but the trading is surely telling us all that this thing is sick as hell. We didn't even make it to 5 points above Fridays close on this news, and then collpased all the way nearly to yeserdays low. Y, it has to shake one's confidence that we get an oversold bounce, when its behaving like this.
Now, if not for all the news, this would look pretty close to what we could expect, and then as we tested yeserdays low, we should come back and rally into mid day tomorrow, so that why I am sticking to plan so far.