thursday trading, page-37

Are we once again preempting the US tonight.

Flanagan has a funny sell which he has had for ages.

SPX had to break below 797 ( just done) and then wait for a bounce to 806 at least and then break to a new low by 4 big points before shorting.

I mention it only because of his bounce to 806 feature.

If the lows of the last night or two hold it isn't hard to imagine many thinking the test of lows has held and time to get on board and a 300 pt quick move up is on.

Then it gets interesting. Would they be correct or would they be trapped and have to panic as the market made new lows plus other longs that have been holding on for years and praying that Nov saw the bottom.