Dr. G,
Well my friend, is it all over but the weeping now? Me thinks that it is. Looks like that last gasp rally into Wednesday's open from the overnight globex low was wave 5 of C, and now we've entered the threshold of the abyss, with the next wave down already pounding the S&P for 30+ pts. at this writing. Whether it's the beginning of wave 5 of 1 of A, or wave 3 of 3 of 1 of A, it really makes no difference. We've got new lows coming soon, and an easy potshot at something under 7000 Dow/900 SPX. A real no brainer if there ever was one... Oui?
(Mind you, one more attack to kill exuberant bears could always be launched, but would certainly be contained by Wednesday's high)
Regards,
David
P.S. Any suggestions for good add-ons for deep out of the money Sep puts with 20 bagger+ potential? Wrack your brain now!! ... ;o)... TIA
(Stocks or Indices, makes no difference...C'mon baby, Daddy needs a new pair of Lambroghinis <g>) |
