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To: The Ox who wrote (2736)	10/9/2013 3:04:57 PM
From: The Ox	Respond to of 8288

FAS turned up first today, was a good sign. Decent intraday rally off the bottom by most of the indexes. Even with today's bounce up, we've only reached the bottom quarter of yesterday's trading range..... Today's low on the SPY (164.53) retraced 78.3 % of the last run into the new high on the SPY at 172.76 from 162.26. This would be a natural place to return to the long term bull trend. However, we need Washington to get out of the way or any reliance on numbers, statistics or support/resistance levels will be unnecessary for the short run..... It will be very interesting to see how the market plays out for the next few days. The above is the bullish case, there's plenty of obvious issues on the bearish side, which are being touted all over the internet and, especially, here on SI.