A monster reversal is comingQuote from ksonsinc:
well let just hope they dont take it higher cause all the bears will be screwed up the ass
I am a bear![]()
1150 more or less holds, 1070 ES target.Quote from fseitun:
Reading how many perma-bears are still around and still placing their short bets, I wouldn't be surprised to see a massive short squeeze soon.
ES within striking distance from 1150, which at this point is acting like a magnete. Hell will break loose once we start trading around that area. If bulls can push it higher than that, then 1200 is next stop.
Some people might scoff at this, but outside of technicals, if there is one person worth listening to to gauge fundamental forces driving the markets it's Meredith Whitney. She sees 10-15% drop for financials from near current levels and she projects this for the braoder market. She has been spot on on her macro calls in the last two years, including the rally and the previous selloff from 1150. Think she'll be right again.Quote from ammo:
looking fo rreversal too, but insiders are historically terrible traders
Quote from jjj1000:
AIG up 18% in the last 1 hour.
Freddie mac up 8%, fannie mae 12%, all spiked at about the same time. Anybody knows what is going on?