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Wednesday, November 19, 2008

S&P 500 emini futures day trading coach Nov 19 daily chart





we have broke through the floor established at 816.75

Looking for 1st target at 780 then 742, if we hit that in Thursday's session we could be looking at catastrophe levels on friday depending on how Asian then European markets close.

Still no sign of capitulation, just exhaustion.

who is left holding?

The big three flew to Washington in private jets, with 24 million plus salaries on the line I guess I too would use the corporate jet to get there.

This excess is the ruin.....

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