Saturday, September 27, 2008

The most intensive selling climax of the decade is about to commence

After so called fail-out tomorrow.

I will post my detailed outlook for S&P and also explain the situation in more details on Sunday.

The items I listed in my previous post are the immediate events in horizon.

Briefly, I expect S&P500 to take out 1100 next week. I expect a significant tradable bottom around 1020-1035 which I was talking about since October 2007.

God damn sunnofa bitchaaa runnin hot...

I think this can not be classified as a crash or anything similar. In my opinion this will be the terminal of this cyclical move and mark a significant bottom that should last till February 2009

5 comments by xTrenders :

kacey said...

attila, I am holding short on bidu goog. Do think think bidu to 200 and goog 350?
Vix might see 50

kacey said...

July 02, spx dropped 200pt in 10 trading days.

Atilla M. Demiray said...

This is not going to take 10 days

Atilla M. Demiray said...

I dont know bidu but GOOG goin to 330 in a few days

PCP said...

Why do you think S&P will hold at 1020-1050 area? I do not expect this bear to terminate while S&P still have four digits. The bottom of this recent bull run maybe the first sustainable bottom, ~850 on SPX.