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i've been bullish. really thought 37.50 would clear, but...

selling pressure on index components lessened with this last thrust down having said that, this has many of the hallmarks of a trend day

you saved me $$$ bro, cuz i was thinking about a short with a ten pt stop. but the stop run reminder prompted me to look at the worst-case stop run possibilities, which ran to 1250, and i decided life was too short (so to speak) so thanks! i owe ya

hell yes. needs to clear rth. until proven otherwise, that was just a stop run (which you called, btw, beautifully in advance)

nothing to the upside has meaning until/unless we clear 37.50

it's all about 37.50

Valid questions! Tardy answer! Briefly, I peg 37.50 as the top of the trading range. We either break out or break down. Looks like we're going to break out. Nice advice, btw, to whomever it was contemplating a short last night...

Based on my own decidedly unscientific sampling of OWS participants, I conclude that this guy's not an outlier -- e.g., he's fairly representative of the fat middle of the OWS bell curve

if we're unable to break through 1237.50, we're headed down to november lows

back into last week's congestion zone. shoot me now

http://www.youtube.com/watch?v=7SwKxUz7osM&feature=related

so...another wash and rinse day? this spike-up-then-grind-it-down action is getting wearisome

was there news?

what is "50-day interval" or "20-day interval"?

Having said that, I think we'll be at 1192 before we get back to the 1220s

I believe L.C. implied quite the opposite when he opined that another initiative might well be in the works. Moroever, I don't think anyone is suggesting that whatever the Fed may or may not have up its sleeve will "fix" the eurozone. Just that it might give the market a b.s. excuse to rally...

Spot on! At last, Baker has exposed the stone-cold, elitist, technocratic heart of the F.T.T. for all to see. Bottom line: BAKER WANTS TO THROW ORDINARY AMERICANS OUT OF WORK SO HE CAN HAVE HIS WAY WITH WALL STREET.

There's that. But a lot of folks are disenchanted with the stock market these days. They see their paltry mutual fund returns, then read about investment banking bonuses and say, "screw 'em"--even if, in fact, they're the ones who would be screwed by this tax. The appeal of F.T.T. is not...

So much for the Santa Claus rally.