I think today is setting up as a short term buying opportunity

I could not post yesterday since there was some problem with posterous

nysi renko has turned negative so any rallies are shortable according to it. Short term charts support a bounce here since thres some strengts on the internals (most notably tick). I think well go up early in the week and unless it or resolve from europe and imf triggers a short covering rally we should not go over 1160 area. Once we are there its time to concider shorting for another wave down. Sentiment is pretty low here but it could go a lot lower