Tuesday, August 24, 2010

24th of August

We had no violation of the 1085/1088 area, that could be used as a stop loss, but the breakeven is 1102 if you want the path to bigger fish. I'm hoping this down trend will be in the 90 day time frame.
Pure speculation for tomorrow(Tuesday) but if we close at LOD (low of day ) or near it, it should be bought, as Wednesday could be a 1 day wonder up!
So far target is 1040-1010 SPX or SP500 and then see how oversold we are.

This is for fun and games. Contact your professional money manager and let them spend your money.
Jerry O
PS no charts tonight since no violations

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