Where To From Here? Part 2

Well, it's 2 days later and nothing has really changed. The markets are stuck. I keep trying to kick them but no luck. Actually today was a bit interesting in that there was an actual selloff in the last couple of hours.

The world is waiting for the final decision about the automakers. I don't really know why... they'll get some money, they'll blow it in a couple of months and they'll be back asking for more. Does anybody not know this already? So why stop the earth (Wall Street). But then again, the senate republicans are playing some serious hardball. If this drags on much longer, GM will be bankrupt anyway.

So, the charts, prognosticators and blogs that I read are still right on the fence. From where we closed today, the most likely scenario says a rally tomorrow. I'll try to play it. We'll see how I do.

If the S&P does make it up to the 935-950 range, that'll be the peak and a downdraft to the 780 range is the next stop.

If the S&P continues down tomorrow, we could be in the downdraft already.

I could start talking about planetary alignments and how they affect the markets, but I don't quite buy all that stuff yet. However... I will say that apparently an alignment that only comes around every 40 years is today/tomorrow along with a full moon and one of the guys that swears by this stuff says that a very unexpected event is going to happen in the next 5 days that will devastate the markets. I at least wanted to throw it out there in the off chance something does happen. It'll be fun to watch.