If we break below 660's on any retest of the lows in the months ahead, I am SURE we would see some very big buyers coming into the market as we traded the low 600's or lower (like if we start to get a bunch of bank failures resulting from commercial real estate destruction). Everything would start to get VERY WILD with a bust through our current lows.......that could cause one very strong spike down move (like a blowoff capitulation drop to the low 600's or below). :eek:Quote from tradingbug:
If we test the lows and do not get a long inventory build up...we can crash right? i want sub 400s :eek:
On any sell off moves to the mid 700's or below I would start actively looking for net LONG holders positions to start building......I would be willing to start playing the longer term LONG side trade at that point.
