Stock Market Commentary 20081101
Submitted by TimingStrategies.com on November 1, 2008 - 16:27.
Price action for Mon./Tues. election markets may give opportunity to fade any "significant" (whatever that mean these days) price spike. A one day spike to ~1020 S&P = probable flat on indices retain long energy and metals w/ possible small scale short on indices if a small miracle should occur.
~1120 on S&P still = "The Golden Pig" for short postions although "Gov. Slop Bucket Bailouts" may already be running dry, so range bound market/position management are the more likely scenario into years end and into Jan. 2009 for my best estimate at this time. Fri. 10/31 high/low = the next starting count for potential resumption lower or second leg higher.
