tuesday, page-74

Mongo sounds fair enough to me.

Especially if lows get down to SPX 720's/30's.

The 3 day dynamics missed by 2 pts today but tomorrow(and tonight) is 3430-3238 SPI.

Weekly low is 3279 and so we have done that and suggests we may need to pause but breaks happen especially in a fast move.

My thoughts were for either a Feb 20 recovery or a mid March low.

I have to lean now to the latter.

ninelives and I saw so many references to mid March that it was almost ridicuous.

If it is mid March or later then we have to be talking serious lower numbers.

It almost seems inevitable as it feels like many are still hanging in for the buy and hold scenario.

We know they have to capitulate and then swear to never buy shares again.

Those with super need to commit to cash only and financial journalists need to ridicule those that buy shares for the long term. They aren't doing that yet.