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Market Wrap 9/22/11



September 22, 2011 – Comments (0) | RELATED TICKERS: SPY , NFLX , GLD

No doubt a rough time for for the bulls out there today, as we saw a sell-off that we haven't seen since....well....last month. We broke through the bear flag that we all had been watching with extreme interest and unsure whether it would ever confirm. But today it did confirm, and the market today, despite some weak attempts at a bounce, was, nonetheless, in a perpetual sell-off for much of the day.

While we may see the dead-cat bounce in the days ahead, it still looks like we have further downside to be realized. And once again if we break the 1100 mark on the S&P, watch out, because it is likely that we won't see a bottom until 1040.     

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