THE DOT - if this turns orange or red be alert

Friday, May 21, 2010

part 2

3. we are in a mini capitulation mode on a panicy friday expiration event. all indices have reached short term support levels spx 1050 dow 9900 ndx 1750 and for several reasons we might bounce from these levels intraday and on monday. especially with opportunists like roubini joining the bearish crowd still a minority though but the media coverage for the downside has increased exponetialy .

Stocks to Tumble Another 20%, Cash the Safest Place: Roubini

Futures Hit 'Flash-Crash' Levels on Euro Fears

Stocks Sinking to Crash Low Signals Worse to Come

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