Monday, June 6, 2011

short term downside targets

The summer sell off continues. We have several open gaps below that I am using as short term targets. PLUS Quad Expiration next week, we should see 12,000 get pinned very soon. Longer term(by the end of summer), I am looking for the Dow Jones to be at 11,000 or less, and 1177 on the S&P 500.