BNI and retracement

Let me make an adjustment to my comment on BNI from the last post.... BNI is not likely to go above 83 unless Warren Buffet decides to buy it.

Overall I think there is still some retracement action going on in the markets, although the S&P did hit 1050 which is technically adequate for an entire retracement in a hard selling market. If there is an indication that the next leg down is underway, I will repost. One of those indications would be an S&P 500 close below 1025.