The 87 trade

This chart is the bounce back off the 87 crash..... It's a good example of a nice baseing move. I expect an upday, followed by a pull back. Some of you don't watch the banking stocks like I do. Most of this bounce is all banks, and I expect it to run out of steam monday or tuesday. I expect a possible spike high from 8:30-11 on monday, and a nice correction say tuesday or wed.

I doubt we will retrace the ENTIRE move from the last 2 days, but we need to find some buyers... we have gone way to far way to fast. Especialy in bank stocks. and it's most of the move. But I do expect buyers to come in on monday. but we should get decent sell off tueseday or wed