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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 690.27+0.3%4:00 PM EST

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To: robert b furman who wrote (45078)2/1/2013 8:49:19 AM
From: Vendit™1 Recommendation  Read Replies (2) of 220616
 
Just to be clear in case there are any morons lurking, markets don't move up or down in a straight line. They tend to zigzag.

You can make money playing the long side even in a down trend and make money playing the short side even in an uptrend.

With that said, the current short term technical move down will last a few days followed by a bounce and then likely a continued move down. I am only showing the first two targets in my previously posted chart.

Have a great day!

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