Nuclear holocaust may get it down there momentarily on a panic spike.
But new highs would quickly follow.
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ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Nuclear holocaust may get it down there momentarily on a panic spike.
But new highs would quickly follow.
Quote from Anna K.:
Volente, what are you looking at for reversion?
thanks.
above and below from previous close
pc cash was 1106.75
We went down 5.95 point intraday
Take that and add to pc cash to get the high
The mean reversion would then be around the 1106 cash area.
Probably chop sideways for a while though due to lack of conviction by both sides
there is a very small h&s on es on 5 minute shoulder 1110.5
Quote from fseitun:
Something to give bears a chance for next Monday/Tuesday:
if we close in the green today, this would be the 6th consecutive UP day.
You rarely see such an occurence many times in any given year.
As an example, in 2009 - a very bullish year - we had 7 consecutive UP days twice: in March and July.
I know it doesn't mean anything, just a BS stat to keep you busy during this dull afternoon.
That many up days take the fun out of T day.
110.97 would be the number to hit for spy
Quote from volente_00:
above and below from previous close
pc cash was 1106.75
We went down 5.95 point intraday
Take that and add to pc cash to get the high
The mean reversion would then be around the 1106 cash area.
Probably chop sideways for a while though due to lack of conviction by both sides
there is a very small h&s on es on 5 minute shoulder 1110.5
thanks Vol
9/18 crossed down, need some program sellers to drop in now to keep price below the turn
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