You and I know that a bounce is due soon, but the bastid bears are gonna short it once again if we even get close to SPX 1260. We need some really amazing news to get us back above that huge previous support now huge resistance. It could help if the government would lie about tomorrow's numbers. I'm totally in favor of that. :)
As Docqb just mentioned, the SOX just broke to new lows today. More than likely, the techs are gonna be in trouble of being whacked. Take a look at RIMM, for instance. It's gonna go red tomorrow, no doubt. Where is RIMM headed?
The commodities are getting decapitated. Look at POT and FCX. I think their glory days are now over. They could bounce a little, but longer term I think they are done done done. Thanks Gary, your professed love for the commodities may be misplaced. You might have to find a new love. We may all have to find new loves if Waxie turns out correct in his market prediction. The crazyman wants $300 on GOOG within 2 months. You might as well prepare for a CRASH.
