ES 800 "SUPER SUPPORT"...may NEVER go below it

Quote from Port1385:

If it does go below the "super support" then it will turn into the "super resistance".
More...
I seriously doubt it ever will go below 800...do not see us ever seeing ES 799.00
 
Quote from Fah Q:

I don't think I need to state my case, you didn't state yours. You only said you've been studying charts and don't believe it will. I, too, have been studying charts and I just disagree with your analysis.

My best bet would be ES sees in the 600's before its all said and done.
More...
fair enough but WOW...WOW...WOW...I've not heard anyone say ES 600's except you...lets keep this thread running...wow....
 
Quote from Sky123987:

Lines on a chart do not dictate direction (or at least that much) economic data does
More...
ah yea, your point...can there be so much more bad economic data to bring the ES to below 800?...seriously, the buyers are about to "swoop" in like sharks on fresh whale blubber
 
Quote from increasenow:

ah yea, your point...can there be so much more bad economic data to bring the ES to below 800?...seriously, the buyers are about to "swoop" in like sharks on fresh whale blubber
More...

my point is your comment is worthless. Even if you think there is some support at round numbers do a backtest. You'll find it doesn't exist
 
Quote from AMT4SWA:

warren buffett called me today and said he was so sure GS would NEVER go below 100!!! :D :p :D
More...
on a serious note...does GS buying point towards a ES rebound?...looks like a serious GS dip buying opp...chime in on this...
 
GS may be covering up a substantial loss from trades gone bad....this needs to get verified before one starts bottom picking.
 
Quote from Sky123987:

my point is your comment is worthless. Even if you think there is some support at round numbers do a backtest. You'll find it doesn't exist
More...
that is a little stout...I would have to disagree with a Harvard degree,,,too much is riding on the SP500 to not hit 799...that would mean too much...many are optimistic about new Prez coming and bailout is helping already etc....all bad things have been brought to light...market turn around is here...ES super support is 800
 
You must log in or register to reply here.
Back
Top