ES Journal Archive (2006 - 2008)

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Quote from ammo:

2 scenarios in play,dump stock at end of year for tax write off,mark up at end of month for window dressing,have a nice holiday pek,u too LC
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I think the rest of the year will be more volatile than normal.

On balance, if volume is higher than normal then markets are likely to go down hard.

But, if volume is thinner than normal then they can take it past SPX 1000.

I would prefer the latter because it provides great opportunities to short stocks and futures and buy put options.

In any case, I am hopelessly addicted to the markets so I can't stay away from the screen!

Happy Holidays to all.
 
Quote from Jahajee:

Happy Holidays to all.
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Happy Holidays and Merry Christmas to you as well Jahajee. I've learned to appreciate and respect your posts and hope to continue that in the new year!

I think S&P > 1000 is a done deal between now and end of January. But the issue is what happens after that, the crash can be real hard all over again.
 
another view, from briefing.com:

TECHX Market View: Nasdaq/S&P extend pullback near support zone -Update-

The market averages set new lows in recent trade which has brought short term support noted in The Technical Take into play at 870/868 S&P (session low 871) and 1535/1524 Nasdaq (session low 1531). Volume is slow and as we head into midday trade will be watching to see if some stabilization can develop near these zones. Intraday resistance is now at 877 and 881/882 S&P with Nasdaq levels at 1540 and 1547/1550.
 
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