Friday, May 21, 2010
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 .
Posted by getagrip at 8:33 AM