[
PS. If enough here on ET declare monday a down day (3000 pts plus to match 1987 on % terms) then it will go up[/B]
Down day is not a sure thing.
If Monday is like other days following a weak close, 1493 (what it is right now) will seem like a gift.
On average, on the day after a weak close (close in bottom 10% of the day's range(, the market retraces over 1/2 of the previous day's decline.
I may be wrong, and often am, but I am long here at 1494, and am looking for 15 points on the upside in the next day or so.
If I am wrong, I'll get out, for sure.
