Wednesday, October 1, 2014

Bears Press for Deeper Correction

Bears finally getting some follow through on downside.   Europe, China, and some economic data seen as catalysts.   With jobs number coming up on Friday markets will find some wait and see action Thursday as they are running deeper discounts than usual before critical information.  Bear's task will be to take the market lower after a volatile Friday up/down reaction with a hard break possibly pointing to a 10% correction as opposed the usual 4% in recent years.