It Didn't Last Long!

by Larry Levin

We tested some new lows again in the S&P 500. Did you see it? We went all the way down to 1410. It wasn't that long ago we were trading up above 1550. But that's the way it goes in these tough times (They are only really tough if you can't sell the market short.)

But watch out, because like I've been saying this market still has more room on the downside. The bad headlines are not finished, and they certainly have the power to keep sellers coming into these markets.

But rest assured, our good friend, Ben Bernanke will try to come to the rescue and save everything and everyone. He will lower rates (maybe even by another half point) and this market will rally again. But it will only be temporary.

But maybe you are asking, "When will the market start going back up and stay up???"

It's very simple: Not until the credit crunch and the housing woes get behind us. And it's not going to happen anytime soon!

Real Time Trading Signals*for

Trade Date: 11/26/07

E-Mini S&P Trades*
(before fees and commissions):

9:19 ID VA Buy 42.25 = -1.50 all

10:30 VA Buy 33.25 = +.75, b/e, b/e

1:00 VA Sell 32.75 = +.75, -1.50, -1.50

1:16 VA Sell 33.00 = +.75, -1.50, -1.50


E-Mini Russell Trades*
(before fees and commissions):

1) Sell @ 9:50am at 752.0 = +.8 (1 lot)

2) Sell @ 10:26am at 749.2 = +.4 (1 lot)

3) Buy @ 11:50am at 751.2 = +.5 & b/e

4) Sell @ 1:03pm at 748.5 = +2.5 (1 lot)

5) Sell @ 1:07pm at 746.9 = +.5 & b/e

6) Sell @ 1:50pm at 745.6 = +.5, +.5, +6.0

7) Sell @ 2:15pm at 741.0 = +3.0 (1 lot)

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