Let's say – just for the sake of argument – that the market actually gets a little bit of softness that lasts for more than 17 minutes. How far down will it go?

I'm personally using the 950 level on the /ES as my target. I have a couple of reasons for this. First, that represents an important prior breakout level; and second, it is approximately where the fan line is (which is the same fan line as the one representing support from the oh-so-painful failed H&S pattern).

Is that the lowest it would go? Well, obviously I'm counting on much lower prices before the year is over, but I'm not sure if we'll make another dim-witted lunge higher (to…….1050? 1150? 1200?) or slip below the fan line and start withering away. Based on the manipulations from our dear friends at Goldman Sachs, I'd lean toward another lunge higher

The biggest "lottery winner" of all, it seems to me, are the rental car companies. Firms such as Thrifty and Avis were penny stocks just a few months ago, and they have absolutely exploded higher. Just look at symbol DTG, up 3100% in five months!

Somewhere out there are a handful of people who bought at the bottom and have held on to this day; you have my admiration!

Another interesting article from a Sloper………

So……….out of 65 trading days, they had 61 winning days – – 58 of them with profits over $50 million, and 46 of them with profits over $100 million. So on any given day, they had nearly a 95% chance of a profit – – pretty good odds, wouldn't you say?

How about that! This is a shining example of Private/Public partnership. Too bad only a tiny handful of people actually make money from it, while the rest of us wind up holding the bag.