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I guess we are on the way to 2000 now, OMG when it was kissing 8000 2000 seemed like an impossible projection, though now, only a few months down the line we go from 'all rosy' to total slump, great for daytrading, but not so cool once you realise what it may lead to, unless a 'remedy' is found...

Sal, TY for the charts! "Yesterday is a history, tomorrow is a mystery, today is a gift, that's why it's called the present" - Master Oogway Long live Daytrading & PIXAR! <img src=http://l.yimg.com/img.movies.yahoo.com/ymv/us/img/flickr/78/88/002468597888.jpg>

ImPO 100 is a tad too dramatic at this stage, perhaps it would be more prudent to see what price action would be like when & if we get to 600-550 zone. You never know, they might come up with some new recovery plan that might bring optimism back

I swear I am slowly but surely turning into a baby turtle -)@(o LOL

Nice charts Sal, TY! Nagelis Cheers! I've got my eyes set on brake of 745 for a short today. There is a rather obvious horisontal support @ 600 SPX, also a round number (LC)

For the ones that are bullish on stock markets have a look at USD weekly chart vs SPX (2008-2009). Right now USD is about to start (already started to) climbing towards next resistance level on the Weekly time frame, yet SPX is floating around a major support area. To me that is a bearish...

What is your projection of 550 based on? TY!

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2323819> Buy1Sell2's trailed stop of 975 clearly seen.

I didn't mean be silent, I meant you have lots of interesting information apart from R10, even Martians have heard of dem t boyz by now :) Peace!

So you are 'frontrunning' a trend change, which ImPO is not as lucrative as following strength of an established trend, especially so on longer term basis. That's why I said the other day 'no point getting panties wet over 1 day's p/a', it takes more than a couple of days to reverse this...

LC, people like you make this journal worth coming back to

No questions, there are real masters in this world, but holy grail for us mortals is in understanding probability, not many can become true masters, though most can master probability ImPO, just takes time & effort.

Porge, u like wasting your time, don't you? Simple question, why don't you use PM to chat with Vol & others, this journal is turning into a total mess because you can't seem to stop yourself posting stuff, same goes for Vol, how many times you mentioned R10 & dem t boyz, Jeez guys, C'MON...

Every bottom has a size or in this case a specific time frame, which wasn't stipulated :)

Scaled out 2/3 +11.75 WTG Ammo, DTs R US

Short here

Shooting star.....trend is your friend...... Riiiiiight! :)

1. Let's not get panties wet over 1 day's p/a; 2. Porge has issues for sure.

Please stop kissing this guy's butt, as it hurts our egos. :) TY for re-posting his post.

No TY! :D