Quote from keeptradin':
This is a great post, because it is a perfect snapshot of the mindset of the majority of us who watch the markets (myself included, as much as I hate to admit it).
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I hope you all have an awesome weekend, looking forward to another week of trading with you, "if the good Lord is willing and the creek don't rise."
Quote from diablo11:
Look at the trading range we have been stuck in since the end of August, if you look at eod close today that is right where we were at end of August and the beginning of this 1100-1230 range. Nothing has changed and of course unless this is front running some announcement there is nothing you can do but I believe we have hit the top of the range and the objective was met, unless we gap higher Sunday night I believe it has been exhausted and back down the range we go. As long as this Europe debacle is hanging over the markets head there wont be serious buying. Of course this is my hunch but a simple look at the chart going back until end of Aug would tell you that this is a good spot to take a shot being short, I have been waiting and took some over the weekend to see how next week shakes out. Good luck everyone and thanks for keeping me entertained throughout the day.