Trail Your E-Mini Longs Tightly!!--Lower Low Coming 1303-1310
This mini correction is not over and I think we go lower next week. My target for 1600 is still in tact but I think one more downside Swoosh is in order--media will call it Fiscal Cliff worries intensifying which will be pure #$%$---this next leg down will be a lower low 2nd gap bar entry on the weekly. Thus, maybe we can flirt with 1398 before going lower but in any case go to cash on Friday or today and for those more aggressive like me you can short around 1398 for a dip to 1303. All non traders just stay put and ride it through because it too shall pass. GLTA.