stock market looks ready to crack and crash!

trading thread please! poor advanse/decline movement confirms./

 

http://www.washingtonpost.com/wp-srv/business/longterm/blackm/plunge.htm

 

it was mistake for market to close this day. only added to panic when people hear on the evenings news "market closed early".

 

support for S&P 500 at 1163. rotation around 1090-1110 until slippage. trading time is 3:30et.

 

http://members.rogers.com/fallstreet1/plungeprotection/plungeprotection.html

 

Not quite that extreme guys ... this market needed a sharp sellof in order to stage another legit rally.

 

not that extreme. I see rotation around 1090-1100, before slippage occurrs. My target is 1063.

 

Remember about a year ago the S&P was at 800.

In the larger picture we've had a great move in the last 12 months.

Considering the larger time frame, this pullback is acceptable.

Sorry ... not a crash !