ER2 has topped?

Dow has some serious resistance from 11280 thru 11340. I am looking for the overall market to fail and wouldn't be surprised if it becomes a replay of yesterday.
 
Quote from lynx2004:

Dow has some serious resistance from 11280 thru 11340. I am looking for the overall market to fail and wouldn't be surprised if it becomes a replay of yesterday.

Stopped out for a small loss, will have to seek reentry. These are great ranges for trading though. My bad to not hold my long a little longer, initial target was around 745.5, should have known the volatile ER2 would have the potential to overshoot.

My lack of patience and proper trailing was to blame. 747.7 is reentry area.

Good Trading 2 U!

Kelly
More...
 
[

My lack of patience and proper trailing was to blame. 747.7 is reentry area.

Good Trading 2 U!

Kelly [/B][/QUOTE]

nice entry point
 
Quote from EqtTrdr:

yup..

thats what happens when you have a market not allowed to go down...

all aboard $$$
More...

You are correct! I wonder why would anyone be afraid to buy this market -- it's an ATM for the bulls!

Another new high for tomorrow?
 
Quote from lynx2004:

You are correct! I wonder why would anyone be afraid to buy this market -- it's an ATM for the bulls!

Another new high for tomorrow?
More...


oh definetly....I beleive will see a new high around 755.00...if the market breaks that level, this could go up to 760.........:)

will shall see
 
I think we'll see cash Russell 2k touch 750 (~755/6 basis Jun) before Friday and then weakness heading into Q1 end.

This can (and probably will!) be derailed by an unexpectedly dovish Fed statement following the FOMC.
 
Quote from lynx2004:

You are correct! I wonder why would anyone be afraid to buy this market -- it's an ATM for the bulls!

Another new high for tomorrow?
More...
===============
See what you mean:cool: ;
not really afraid to buy highs,
especially with other indexes uptrending. Yes.

Also noting some pretty big corrections on monthly chart;
you are right about med-long term trend up:cool:
 
I think the way ER2 right now is, it's easier for it to daytrade than to swing trade this thing. Also, despite the market hitting new highs, I see a lot of shares, especially ones in the NDX, still lagging behind.

When these stocks start to move up (AMAT, INTC, GOOG) it may begin to signal true strength across the board. Until then, I wouldn't hold any position for more than one day.
 
You must log in or register to reply here.
Back
Top