ES Journal Archive (2009 - 2010)
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Below 28 down to 20 has multiple support levels.
That turns into an attractor for the price to go back there for a test, as we failed to take out previous month 50%.
But it is very tricky today as it is last day of the month, do expect miracle rallies into the close that keep this week an up week, since it is probably too hard to make it an up month
1 and 1/2 hr to go before open
Quote from Lawrence Chan:
Below 28 down to 20 has multiple support levels.
That turns into an attractor for the price to go back there for a test, as we failed to take out previous month 50%.
But it is very tricky today as it is last day of the month, do expect miracle rallies into the close that keep this week an up week, since it is probably too hard to make it an up month
It may be a welcome opportunity for "buying on bad news". Especially taking into consideration that FED expects "officially" better times in 2nd half of 2008. Reality tells a different story with layoffs all over and capex expenditures from big companies very dull. But Treasuries have reached a level indicating asset reallocation. Question is : where are we heading for the next 6-9 month ? Stocks will outperform bonds, real estate and other alternative investments.
diga me
:eek:
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