RE:RE:RE:HISTORY LESSON Summer 2011- Pay ATTENTIONmy strategy is to continue to hold.....wish i would of held onto ones i bought the other day but made decent profit on them.
https://www.cnbc.com/id/102033161
On Thursday afternoon Cashin discussed the markets' current support levels, and what may be in store for the future.
"You've taken out the 50-day moving average rather handily in the S&P, so I would guess somewhere around 1,963 to 1,967. There's a band in there," he said. "If we get late-day selling and they go down through that, tomorrow could be a real problem. This might be setting up into one of those September-October things if that happens."
Last Friday Cashin had warned investors about this week: In his daily market notes he cited research showing Sept. 22 has been tied to market reversals, and he reported (with the acknowledgement it may be crazy) that "several of the astrological types claim their charts show next week is fertile ground for surprises."