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To: Henry J Costanzo who wrote (173655)11/19/2008 11:27:55 AM
From: The Freep  Read Replies (1) | Respond to of 209892
 
JPM has hit the target JJ and I have been yapping about for what seems like years! It could bounce here. Should bounce here. Thing is, stuff like GS "shoulda" bounced long ago, too. Just a horrible bleed.

The bull case, even short term, isn't looking so hot. The wiggles aren't conclusive, but there's a decent shot, imo, for new lows today, at least SPX wise. INDU actually holding better than the SPX for now, but a break of 8200 there should get us to 8000 again. But, as keeps being the case, we haven't quite broken down, thus leaving a lack of clarity for me. Still wouldn't be long, though!