Posted by: tyrannyoflogic September 22, 2011
What are you buying in this market meltdown
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spoke too soon ...more bad news abt a government shutdown or sth...I am out for today, made a couple bucks on some smallcaps flipping)  except for NFLX ( something up with facebook surprise..was not microsoft deal but something else and NFLX just got upgraded today by some analyst)



CNBC is hollering about these support levels all morning...1120 and 1100 . It may bounce or might not, depends on how impressive the bounce is " I am just reiterating what CNBC is saying...The bearflag is playing out ...it just amazes me when the news just matches the chartpatterns to play out .....its like the chicken and the egg ...which came first

...the BAC is bounce today at 6s was not that impressive

supports are breaking, LVS broke support at the trendline but held support at the moving average line



My opinion... Do not sell into the selloff...that is maximizing your losses...wait for a relief rally and sell when the markets are green, the whole point being minimizing your losses but after a confirmation that the markets are indeed gonna tank in the long term for sure


just my opinions for whatever its worth...dont bet on it
Goodluck
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