A Bounce Is Coming Soon And Then More Selling… 1987 Style!

So when is this bounce? Odd’s favor the 1250 spx double bottom area…

(to watch on youtube: http://www.youtube.com/watch?v=bFF-48nBl3c)

While nothing happened over on 6-11-11 (which is a good thing), that doesn’t mean the selling is over. Instead, it simply means that a crash isn’t likely to happen next week, and a relief rally is. Remember, next week is option expiration, and you know how the gangsters like to steal the premium paid for those options by making them expire

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