ES Journal Archive (2009 - 2010)

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Any meaningful attempt at recovery is looking weak so far. We will likely to be trading in a range before breaking down again.
 
Quote from Lawrence Chan:

If lower level has to be printed, they must do it before weekend.

Media reaction is always taken into account.
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That must be the part of reasons why Monday has the tendency to follow Friday's action. So yes today is import, but if we close at low end of the range, Monday is likely to have early weakness also, etc.
 
Bulls hope is not over until after a retest of their stronghold result in a failure.

A retest of 898 to 900 is not out of the question if we cannot print any lower by noon.

Edit: That is the zone which will determine the direction for coming week.
 
Quote from HooLee:

That must be the part of reasons why Monday has the tendency to follow Friday's action. So yes today is import, but if we close at low end of the range, Monday is likely to have early weakness also, etc.
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Not in this current environment when one friggin' excuse after another is crafted on a daily basis to prop this market up. Who knows what the hell could be in store for next Monday? By then, they'll spin and contrive another bogus story and write off today's employment number as "old news".
 
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