Where is support?

Discussion in 'Trading' started by gnode, Aug 8, 2011.

  1. gnode


    If this ends up being a full blown correction, I am looking for S&P500 to land on firm ground between 900 and 1000. In that range I will probably start buying hand over fist.

    No fancy science in that number. Just look at the long term trend established before the triple tops. It puts us somewhere around 900 now but that wouldn't account for inflation.