ES Journal Archive (2009 - 2010)

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Try find longer periode in past when 20 period MA on daily was not tested (SPY). Because we did not do it there is some more downside in close future with very high probablility. Even PPT will not piss against that strong wind.
 
Quote from Pholeuon:

Try find longer periode in past when 20 period MA on daily was not tested (SPY). Because we did not do it there is some more downside in close future with very high probablility. Even PPT will not piss against that strong wind.

Take a look at monthly.

Long term funds will unload should by 2 pm we do not get 1200 back on in SPX.
 
If we stay in this range. I can pretty much guarantee more selling. If there are bulls that haven't gone 100 long yet. They need to move their butts now and buy this thing to 97-98
 
Quote from volente_00:

I think it is very probable for 92

Whole bank sector got some pressure.

Funds winning huge on them will light up, today, before media talk about that whole weekend.

They are waiting for a bounce to sell into, just like all other bottom fisher today. =)
 
(flyonthewall)
Goldman Sachs (GS) invested in the CDO that brought fraud charges by the SEC , and was not a short seller along with Paulson & Co. , CNBC's Jim Cramer reports, citing sources. The comments were made on CNBC.
 
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