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Seems like we have a lot of stops on both sides of this current range. Therefore, if the buyers can make a stand for two more hours then the sellers will be in trouble and start to change their bias. I'm just waiting for it to break either way.:D

Taking profits before lunch.

IMHO price needs to break below 1448 before I would short again.

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Just say no!!! Any questions?:D http://en.wikipedia.org/wiki/Just_Say_No

IMHO price needs to break below 1458 to continue to the down side (to test the 1454 level).

:D

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Additionally, the S&P was leading the sell-off this morning over the ES, but was lagging during the rally (based on the EPREM).

Thanks.

?

apex82, Is this the wave 5 we're in?

I don't know. I just started watching last week.

:D

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Does anyone use fair value ($Prem, $Eprem, Prem A0, Eprem A0, etc...) as a primary trading tool or filter?

Happiness is generally a moving target, so keep shooting.:D

Oh yeah of little faith! Haven't you guys heard the infamous story about the founder (Fred Smith) of FedEx? ...From the legendary college term paper in which he first advanced his idea of an overnight-delivery service to the infamous trip to the Las Vegas casinos -- where he won enough hands...

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