Quote from Rashid_G.:
Guys... Junior trader here... I see these 1091 and 11xx thoughts.. This used to be a perennial bear thread.. now up up up?? SPX just broke bear flag (1070 was a nice re-kiss) AND new year closing low.. Flag measures down to 975 area (1175-1075)... Looks like 1020 should be here pronto... Vol and Wave please detail why the higher thoughts (prelim to lower?)
Granted markets rarely do the obvious... Also prediction mostly time wasting...
Rashid, I agree with you. I jokingly called a 1047.50 close to my trading roomies and it only took a few minutes later to get there. This is a very ill market for longs right now.
EDIT: Oh and by the way did I mention I have a swing short on from 1216.00?

