Market TAO Wed 10-28-09

Overnight it got very red out there....

Asia down
Europe down
Us Dollar down
Euro Dollar down ????
Gold down
Oil down
news tape bearish

Very hard to make a case for the Bulls particularly after my last post ......will the market magically levitate for the next 3 days? we will see signs after the durable goods and new home and oil supply after 10:30 et ...They are just gona have to spin this ... It's the End of the year for the Money Managers they got to pump this up in two days for Gods sake!....! or die!

spx is resting on 20day ma....

pivot daily
PP 106.60
S1 is 105.91- 87
pivot weekly s2 105.82

My Spy plan to day is to buy the Spy at the low after oil report 10:30 et ...spy 105.90 down to 105.63 ( stop placement 10 points below@ 105.50)and hold to the gap fill 108.30 ish