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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: robert b furman who wrote (112283)10/11/2018 4:56:51 AM
From: GROUND ZERO™  Read Replies (1) of 221611
 
Oh, I see... so you suspect we're very near the low of this decline, I presume...

Guess what, you may be exactly right... I have one indicator as of this morning telling me that last night's low may have been all we see on the down side, and right to that very price of 2748.50 give or take a tick or two...

This will remain to be seen if so, but it's an interesting development... we may well be at some sort of flooring pattern right where we are this morning...

I'm not yet covering any short positions, but it's certainly an interesting overnight development which has yet to be confirmed...

GZ
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