Black Monday ??

Quote from murray t turtle:

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T-REX;
I remeber you nickname because i always figured;
the ''T=TREND-REX.:cool:
I agree with 9/11 being in a bear market, but despite short tek profits closed out friday;
DOW theory has SPY,DIA still in bull/main trend market.

Isnt Frediie Mac/Fannie Mae government guareenteed;
if not ???, as a bankers son , doubt if FED or the powers that be would let either or both fail-probably to big to fail.:cool:

Have mentioned the bigger the trend like RE, generally the bigger the correction;
and perhaps more foreclosures than many figured because of many over extended rookies in RE lately:D

Good calls on your downtrend puts-SEPT and I usually dont disagree with you T-REX, thats why i was suprised.:cool:
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Good Morning M.T.,

I will have to be going to that Doctor's Appointment now but allow me to comment.

Alot more could be said about the Gov't guarantee of Fred & Fan but my concern is not the actual physical effect but rather the perseption as indicated in the mkt. Now I'm not one to subscribe to Dow Theory but I can't but help stick to my guns on the Bear Mkt scenario i.e. ES 1245.75 as Resistance. :D

I'm more of a price movement kinda guy.:cool:

p.s. funny thing. The Dow is now positive along with the ES & NQ. :confused:
Intraday resistance is now around the 10212 level. That is a good short. Im chillin until I get back from the Doctors.:cool:
 
"The mere fact that this type of discussion is occurring should make everyone go LONG."



Exactly my thoughts. IMO we are very close to the bottom on this cycle.
 
Quote from VisionTrader:

The mere fact that this type of discussion is occurring should make everyone go LONG.
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my contraian nature agrees with you--- however, i am holding shorts.


:D
 
looks like no "shocker" for us ... at least on the opening

those who were shocked from friday "puked" it out overnight on globex

:p
 
Quote from SethArb:

looks like no "shocker" for us ... at least on the opening

those who were shocked from friday "puked" it out overnight on globex

:p
More...

However, we will wait and see what the afternoon holds. Remember the market rallied early Friday and reached intraday highs at 11est and from there was downhill the rest of the day. My point being that a flat/higher open isn't necessarily bullish in itself.

The key will be trading in the morning session up to 12est and we shall be able to see from there what the reactions to any rally attempts are.
 
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