11038 should be an entry point to buy. This 200pt lower opening is Europe and Asia pounding on markets after s and p downgraded debt of us on Friday night after the close . Unless u have been under a rock for the past 2 months this seems like it was a forgone conclusion. O think this is more of an academic argument now. Given that stance than this break is another opportunity to scalp the markets silliness.
Remember … Last July 2010 we went to 9500… why couldn’t we go there again?? In march of 2009 we we went to 6500… Remember that?
Stay disciplined . Use your stops.
CER