The speed and depth of this drop (confirmed correction as of  1/22/10) will weigh heavily on the odds of 1150 holding as a top.

Even though short covering along w/a trade the dip bounce  should occur next week – 1050 certainly looks like a near term target on the S&P.

Looking for a place to add to “SH” (S&P short).  Our current stop is w/in 5%.

Good support on the SPX at 1000 and then 950.  Obviously don’t know if this will occur – but I’d like to see it.