Entering text into the input field will update the search result below

S&P 890 is the big Number

Jun. 18, 2009 12:03 PM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

We continue to wait for a victor in the Bulls vs Bears war. I still contend that the Bears will win this one and we will see a return to the bottom, but until the S&P can break its support, we will continue to watch people throw their money away. This market has support at 885-890, so a strong move below that figure is our stop to go against the market with the usual barrage of QID's and SDS's (Ultra shorts). At a minimum, we will see a 100 S&P point drop once we break the support, but my hope is to cash in on a 300 point slam through the end of the year.

Stay tuned in!

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You