I've covered at 527. Expect markets to go flat to slightly up next week
agree with slight up next week and then markets should finish the correction after next week, not sure what real bottom will be, depends on whether S&P settles on 1330 or 1260, or if something else intervenes, we have a full-blown EU recession now, and Greece has been in one for 6 years straight
I could be totally wrong. but I remain short SP on the long term. I just think there will be a week of calm. If congress passes tax cuts for middle class like obama wants then markets rally. But If republicans continue to hold out for tax cuts for 1% then markets will react negatively to fiscal cliff. Euro is a long term concern but markets been selling for awhile now. I'm not calling a bottom, I'm not going bullish. I have hit my target on AAPL though and when I hit my target I cover. I've locked in my profits. I'm not going to be like a baggie and think "oh noes I could make so much more if i keep holding" That is how they got in to trouble. I cant get in to trouble anymore. I made a butt load. I'm not going to be greedy. But that doesn't mean this pig is done going down.