ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

for the short term the news is about as bad as it gets..

look for a rally to 1000 in the first quarter with the change of the guard..

price action is not following the news.
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Peter Schiff, Jim Rogers and Marc Faber are the most popular guys on the business channels.
 
12/05/2008 10:34 *DJ Bush To Make Statement On US Economy At 11:30 AM EST



hhhhttp://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={2dd3f700-32fa-4abf-9e5c-0d136c80e0ba}
 
on daily, looks like the battle of the bulge for bulls....if they can hold 'em here, nice (santa claus) rally. if not, then look out below....

i still agree with others who have said we will most likely rally second half of this month, but from what level is the question.:confused:
 
Quote from saliva:

My unreliable crystal ball is flashing "Red Alert: 770 as LOD". :D

Yes, there will likely be a strong rally from the December expiration to Obama's inauguration, although I dunno about 1000.
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I would caution anyone looking for a reversal higher. Wait for a ten or sixty minute reversal on the chart. Good trading.
 
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