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To: Henry J Costanzo who wrote (173674)11/19/2008 3:40:32 PM
From: The Freep  Read Replies (2) | Respond to of 209892
 
Yeah... JPM and GS sliced through areas I thought would hold for, ya know, longer than a handful of hours.

Lotta wiggle scenarios in play here, some which end at around 810 SPX. But I have others that don't and would make tomorrow a repeat of today. Not a prediction, particularly not with 20 minutes left in the day... but the further melt lines up nicely with support giving way in the financials, imo.



To: Henry J Costanzo who wrote (173674)11/19/2008 3:41:37 PM
From: morokko65  Respond to of 209892
 
fwiw: new lows on the NDX & SPX, taking some USPIX profits and adding to $BTK fund, my guess for the sector that leads us out of the wilderness

this dumb clown bear is starting to shift gears... now watch us cave to SPX 700....



To: Henry J Costanzo who wrote (173674)11/19/2008 3:43:03 PM
From: $Mogul  Respond to of 209892
 
Financials may have been punished "enough"...but still taking it on the chin with new lows...including our fave JPM..LOL,

Not by any fundamental or technical evaluation do I see that shows this.