ES Journal Archive (2006 - 2008)

And the other one ?

 

Now that's funny! I was just thinking the same thing before I turned the page and read your post.

 

Totally agree!

 

Disregarded, posted after the fact!

 

Played with the Aussie spooz a bit this evening and it was down hard, if I had to place my bets I'd say gap fill and down to ~1160 tomorrow...

 

back up to1220..

range bound..

 

There's rather strong support @ 1185-1187, but we better not break it... :eek:

 

if you look at the bond and yen, the move is not being supported. Till these other markets starting moving.. US markets should open relatively benign.

the market is looking to create a larger secondary wave up.. getting close to 1290 and higher..

this wave will break the daily trendy in a noticeable fashion, the governments measures will be looked to be putting a bottom in this market.

so a little bit of reprieve,

 

good point. it would appear that they want to run the mkt down so that they can then run it up. the last 5 trading days have been range bound. 1221 - 1287 range. mkt still has a lot of room to grow before we can call it a bull mkt again. 1331+ 200dayMA.
however the daily charts suggest a breakout is comming. will it be up or down is yet to be determined.

 

most everyone is short, its not like the 2000 tech buble where leverage was weighted on the buyside, thus to go lower we have to go higher.