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Getting Technical - What's Next w/ John Bollinger

With the S&P looking vulnerable, will stocks retest the August lows?

For insights we turned to John Bollinger, president of bollingerbands.com who tells us - in a nutshell he says yes, we will retest the lows.

But he also says that technical signs suggset the lows should hold.

VIDEO0:0000:00
W-Shaped Bottom for S&P 500?

The trouble, he says, is that  too many investors expected the stock market to just bounce and historically that’s not what happens.

”Typically the market makes 'W' bottoms, we make a low bounce and re-test the low bounce and re-test again,” he says.

He thinks this pullback could provide an important - and potentially bullish tell.

”As we pull back we'll be finding out if people will again buy stocks at the August lows (of about 1120 on the S&P).” How it plays out over the next 3-4 days will be critical, he adds.

Get all the details. Watch the video now!









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Trader disclosure: On Aug 18, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Finerman owns (AAPL); Finerman owns (BAC); Finerman owns (JPM); Terranova owns (XOM); Terranova owns (CVI); Terranova owns (CAT); Terranova owns (OXY); Terranova owns (AAPL); Terranova owns (DAR); Terranova owns (FCX); Terranova owns (CACI); Terranova owns (ARUN); Terranova owns  (ORCL)’ Terranova owns (EMC); Terranova owns (NCR); Terranova owns (VMW); Terranova owns (IBM); Terranova owns (AMZN); Terranova owns (LULU); Terranova owns (LTD); Terranova owns (WFM); Terranova owns (JPM); Terranova owns (AXP); Terranova owns  (FXA); Terranova owns (VRTS); Terranova owns (LQD); Najarian owns (GLD) covered calls; Najarian owns (VIX) call spreads; Stutland Owns (DBA) and short (DBA) calls; Stutland Owns (GLD) calls

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Finerman’s firm owns (HPQ) and (HPQ) puts
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Finerman's Firm Is Short (IWR)
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CNBC.com with wires.

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