hi zanzibar, welcome back... fwiw i agree with your scenario.....

hi zanzibar, welcome back... fwiw i agree with your scenario.. the bulls might win a day or two at critical support but they are just putting off the inevitable imho.. today was pretty bearish compared to the last time xjo visited these levels.. the hugh V reversal on the day, remember? .. today was nothing like it.. this is a short burner and probably last til the usa opens i reckon.. the credit crunch and recession are going to take longer to work out than this stock market can yet anticipate.. tho i shouldn't discount the powerful, desperate instos who need a higher stock price to remain technically liquid and avoid the margin calls..