ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Downside objective completed. 
The gap down there not quite taken care of yet ... probably by tomorrow.
What's next? Rally all the way to year end?
The gap down there not quite taken care of yet ... probably by tomorrow.
What's next? Rally all the way to year end?
small long 14.75, stop 9.50, hold overnight.
Quote from saliva:
I'm expecting a horrendous drop until the December expiration, and then an insane rally going into Obama's inauguration. Of course, we'll be heading down to 500-ish after that. But then again, what do I know!
I thought we were bad enough saying the target today is 820 area.
Do not expect a new daily low for the year myself though.
i fwe fill that gap down to 778 ,we will have rebroken that 800 trendline and the next support is an air gap to 610,today's dvol/uvol ratio of 50 to 1,should have never held,you should have seen buyers after 30 to 1 or 35 to 1,if i have a company and i dont see any pickup in business before jan or mar,i wont be buying materials ,due to the drop in my stock and my net worth,i would be holding off on spending ,hoping to survive a bad market cycle,i think we go lower
Quote from Lawrence Chan:
Downside objective completed.
The gap down there not quite taken care of yet ... probably by tomorrow.
What's next? Rally all the way to year end?
Difficult to predict but I think ---
intraday reversal tomorrow, up Wednesday, Thursday, down Big Friday - then next week lower again, leading to new lows (for the year), then a dull boring flat to sideways market for last half of December.
New lows in January/February, these will be multi-year lows
Some posted here they short over the weekend. Check the thread several pages ago.
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