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Funny how you refer to a technical "level" yet you have no idea due to your "smoke and mirrors" fundamental mentality . . . as if you would know where a technical "level" was in the first place! :D

Once again you show everyone here on ET that you have no idea what you are doing . . . made even more ironic by the fact that you are arguing with a guy that actually TRADES for a living! First off, these stocks have been in 3 year uptrends, that should tell you something. The fundamentals...

It would certainly help if the original poster were to actually reference what GS said in their report. Their forecast was for 2 years. "A new report by Goldman Sachs analysts indicates that crude oil may rise to between US$150 and US$200 a barrel within two years, as growth in supply...

And what pray tell does this have to do with the Aerospace/Defense sector getting crushed today after reporting excellent earnings and upward guidance? Perhaps our "fundamental" experts such as Mr. Dodge can help explain such a phenomena . . .

Can you trade fundamentals? Or do you need some "smoke and mirrors" for that? :p

38.2% retracement comes in around 1257 SPX

The higher gasoline prices in CA have to do with taxes and the fact that CA mandates an RBOB (reformulated) blend that is more costly.

A news driven drop? That's funny. :D But then again, I'm not surprised by your reply. You obviously have no idea how to trade off of technicals. In fact, contrary to what you may think, TRADERS don't really give a rat's ass about WHY, or fundamentals. It's ALL about PRICE. But for...

As a very happy T3400 owner on Windows XP Pro since March, I second that! :)

I realize that no one here on ET uses "technicals", but as I pointed out yesterday afternoon on another thread in the Trading Forum, the SPX high at 1291.17 was 38.2% retracement of the move down, and the first resistance level. I also noted in the Technical Analysis forum ( a couple of days...

Yawn.

Stop making me LAUGH man! :D You bought the UYG at $29 and watched it head straight off a cliff and down to $14.00 And the entire time you were "bashing" the Fed, the market, etc. (Nice risk management by the way) Even if you bought back in under $17.90 you'd be lucky to have broken...

Great Call Atticus! :cool:

NOTE: Today's SPX high is a 38.2% retracement.

PS. SPX is 89 days from the Bear Stearns "low" TODAY! And we just happened to hit the SPX 38.2% retracement too. :cool:

MUP, The UNG (nat-gas) has now retraced 80% of the rally up from the March lows . . . Amazing! See chart.

Yep, as the FXE (Euro) trades down to the 40 day MA. Continental Airlines (CAL) has been the biggest trading machine today by far! Unreal.

BB came out early. :D

Very true. In my experience, once you have a tech come to your home and check out all of your connections ( replacing splitters with high quality ones, adding an amplifier, helping to increase the signal-to-noise ratio, etc. ) the only other thing that you can do is REPLACE THE MODEM. 9...