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2nd Guessing the Fed
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Msg  752 of 802  at  10/12/2011 4:01:59 PM  by

roncor


Market Direction

This is where push come to shove. I expected the market (stocks, of course) to drop further than it has. The rally has taken it to the high of the consolidation window. If the rally continues I will start to buy. I am looking for SPY to hold above 122 (+/-).

I don't think it will happen, but my optimistic personality is rooting for it. My pessimistic side says this is a great time to sell. (This is the advantage of being schizophrenic.)

Ron
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