9/4/08
What a Day!! What a Sell off!? (With Heavy volume too means very bearish as I expected from yesterday post). Again, why I could see it?! It is because the power of technical analysis. Once S&P was breaking the support(1260), you and I both know what would happen for the market. I am not going to say too much tonight. If tomorrow market open big gap down, it might be good bounce day tomorrow. Otherwise, flat or gap up opening both would prove to be failed and market will end down to retest the lows of July for sure. Again as I posted 2 days ago, the market tops has reached as of 9/2/08. I will try to recap on this weekend on where would this market heading?! I would say tomorrow NFP number will be way above -100,000 mark ( Market estimate is -75,000).
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