*This bounce back from 12700 is just temporary
This bounce back today is just temporary. Hold on don’t pull the trigger and buy something now. We are going much lower. May be we’ll think of giving it a shot next week….may be at 12180.
Today’s down day was written all over since we broke the double bottom yesterday.
We repeat Dont BUY Dont BUY.
12180 is a very good support level, that should hold unless something else from the credit market breaks. We are hearing a lot of bad about Country wide Financials and one more of the kind. If you are anyway in that sector GET OUT. GET OUT before the end of this week.
This is not a storm brewing …we are in the storm and more are yet to come.
People losing homes in USA…companies going bankrupt not at all good for stocks.
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