Quote:
Originally Posted by PaceAdvantage
The volume was higher for Friday's pullback day compared to the previous two down days...which tells me S&P futures are probably heading back to test the 20d moving average...as usual....
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this is just a game of speculation, i had speculated that the S+P was going to close below 3800 and then get a bounce. so now i am speculating that its going to stay above that number until its ready to plow down and get into lower numbers. it doesn't really matter what i think or anyone else for that matter. ultimately the markets are going to do what they are going to do.
i am going to stress this point, to me, the whole thing looks quite ugly. intraday the S+P had officially been in bear market territory. when all the indices are down 20% off the top, you will get some heavy duty severe downward pressure for a long long time.