looking at the week ahead

The path of lest resistance is downward and more down is expected, but we are  oversold, so there could be a swift bounce towards 

20 ema area, and then resumption of downward move.

FB

it may take some time, but it is possibly a profitable strategy trading an IPO

ZNGA, here we had similar situation and achieved measured move up after b/o of first day trading day

markets now

The decline from high to low is close to 9% now, and we can start looking for signs of buyers, but we need to wait for that to happen not anticipating just following price action. The price is never to high or too low. Possible little crash before things turn around and longer time frame players come to play.

markets