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S&P 500: 1,340.35 Change: -0.84%
TheInstitutional
P&P Score: 99.49   Points: 171.42   Accuracy: 62.77%   Average Pick Score: 8.87   Annual Return: 0.53% (2.11% since 3/4/08)  

TheInstitutional's Blog : New lows for this down move looks around the corner.

Date November 12, 2008    Comments Comments (0)    Rate this post Recommend This Post (238)   
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I would not be surprise if this week we take new lows on the indexes there is too much negative pressure coming from all the corners of the global economy.

I have a short term target on the SP 500 in the 770 area (the lows of 2002) then in the 650 area for the next 3 to 4 months.

Anyway lots of trading and swing opportunities for short term players, personally I like the SPY options and mini SP futures.


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