Break through major support then a bounce back to test that level from the underside? Is it higher probability when it makes there in one wave since its more due to pullback anyway? (since you said you cancelled your offer after it started to turn)
ES Journal Archive (2006 - 2008)
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Break through major support then a bounce back to test that level from the underside? Is it higher probability when it makes there in one wave since its more due to pullback anyway? (since you said you cancelled your offer after it started to turn)
Quote from kinggyppo:
Don't they have to check with the fed first? Here is a long term chart of spy as opposed to a continuous es contract. My rhetorical question is if and when we test $1380.00. The chart shows a trend line back to 1994 which would break around $1350.00 or so. I know I am not the only one who sees this. Please post date and time for this test, thanks.
Pretty close, low for spy is $138.44. I wish I was Jim Rogers now, I would go long a $$$$ straddle.
If you believe that the market is engineered to take advantage of weak hands in repeating patterns of accumulation, marking up, distribution, and marking down, BUY after hours at 1390 or better.
For market bulls, today's story is about as demoralizing as it can be: strong rally in the morning (from an oversold condition), an attempt during the afternoon to rally, and then 90 minutes of pure selling. The End.
Outside downcloses during a long downtrend are bullish (the opposite of what they are in a long uptrend), at least according to my research, just as long as one is prepared to hold for 2-5 days for a potential 40-60 point pop.
For market bulls, today's story is about as demoralizing as it can be: strong rally in the morning (from an oversold condition), an attempt during the afternoon to rally, and then 90 minutes of pure selling. The End.
Outside downcloses during a long downtrend are bullish (the opposite of what they are in a long uptrend), at least according to my research, just as long as one is prepared to hold for 2-5 days for a potential 40-60 point pop.
The market is now begging for government intervention. There has been no love from the administration or the Fed so far.
Fed's Poole at 9:30am tomorrow and the big one Bernanke at 1:00pm Thursday. They can help alleviate the fear which is in control of the market right now if they so choose.
Fed's Poole at 9:30am tomorrow and the big one Bernanke at 1:00pm Thursday. They can help alleviate the fear which is in control of the market right now if they so choose.
rule of 10 from 1403 to 1413 and a gut hunch from years of screen time.
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