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Indeed there was a rally + when it hit 120.08 it run fast probably fueled by the stops of guys who shorted today's bottom. Now let us see what it will do if it visits the 120 area, to see if there are still today's bears trapped to stop the decline. Motivated sellers for today might start...

SPY at 119.60. Is a rally about to start, and to get fueled if SPY hits 120.08 where I would guess the today's bears may have put their stop loss orders?

We have now two camps: the trapped buyers from yesterday, and the trapped bears from the day before yesterday: 120.90 and 119.60 are where they could be praying to get out. It is what TA nuts call support and resistance, if I understand their strange language correctly with the difference that...

Indeed the gap closed within hours, and 122 was the precise price where sellers where hiding. :p

Trading is essentially kicking oneself, or kicking the opposite site-- which is the same as the other party kicking himself. The kicking continues until one party's account is broke.

I would bet that some people have two handles so that they can use one to insult the other, thus reflecting the stupidity/idiocy of their owner.

QQQ fell fast from high of day to low of day+0.015, and then fizzled. Will there be a second bears charge on the low of day in next 20 minutes before the closing bell? It looks as if traders might have shorted the market at the open, and were covering with a little loss when QQQ came to the low...

Another good post from S*. 1270 is indeed an important level? What do you think about QQQ and 58? Where did you get your market education S2007S? I think you are an intelligent person.

Will it take place today, tomorrow, or Friday? What do you think is the answer? SPY came close to 122 few moments ago, but did not hit it. Are first smart money sellers hiding at 122?

Israel. Remember Wolfowitz, Pearl?

SPY at 121.50 area, and QQQ above 57. QQQ is only 5% away from the top.:) This massacre has to end soon or we have a market that went from bears market to bull market in two weeks.:D Is the massacre of the bears about to finish, or there is more? VOTE now before it is too late. There is a...

:) But to be fair UTI, you were also saying a similar thing to the bulls at the latest bottom. Should we say that today is the top since you have now enough courage to make fun of bears? Or do we need to wait for Intradaybills to come out of hiding and insult the bears to make the top ---...

Closed it below 1.36.

Another morning gapup? It looks like a lot of bears shorted the bottom while following what they thought was a "clear downtrend". The market may be forcing them to see an "uptrend", cover their shorts, and go long, so that it can stick it to them again.

Do you have money?

e/u at 1.3666 at 12:01PM. I am going to short it here. What is my risk in going long the dollar now?

You are a hedger... even in writing. :D

Should I take the two statements as a horizontal forecast, or a wash?

What is your height then?

What is your vision on the market going forward for the rest of the year? An example of a vision: going forward, the market would be mainly moving in a horizontal range with many gaps to decrease the volatility over time. Could you also share how you would implement your vision?