How Low Are We Going?

Question:

How low are we going? Is it too late for BGZ?

Answer:

Can't say but we did get a double bottom breakdown signal yesterday with a price target of 850 on the S&P 500. Since we're already into RSW and FAZ with spec. positions, I'll hold until 880 is broken. If 880 goes down then I'll ratchet up into a larger stake.

Could you get in now? You are in the no-man's land of 880 - 920. The index could bounce back up to 920 and you'd be upside down in a hurry.

You should likely wait until a break of 880 before doing anything.