Gotta love ZERO RISK in the SP500 = $$$

Quote from makloda:

Monday is the big tell.

Worst case (for us bulls :p) scenario: Gap up opening which gets faded to death and we end down 1.5% in the ES. Best case: Quarter % Gap down and then a slow crawl back into the green, closing near HOD.

A down day like today is nothing without follow through. I'm still short but I will probably cover into the open Monday, will see. From then on, it's back to the dip buying game :D
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great call makloda, if there is a gap up and then another hard selloff this could be what the bears want, however in order for this to be anything we need this to follow through into early next week.

Two weeks ago we had that hard selloff on that monday, believe that was the week the federal reserve was meeting. Fast foward to the end of the that week and most markets were nearing highs again.
 
The market has had small pullbacks like today 5 times since late december 2006 and everytime it has fallen like it has today it has achieved new record highs.
 
Quote from makloda:

What did I post earlier today?

Unlike you, I put my money where my mouth is:
image1vz9.png
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t28 t280 or T WHATEVER! Did you catch that ??????? We are still waiting for your #'s?????
 
Quote from myminitrading:

Here is reality, all equity indexes are above their 10,20,30,40,50,60,70,80,90,100,200 day moving averages.

Oh yes lets short the market, trade in the direction of the major trend, stop trying to flip from short to long. Buy the dips in a rising market.
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mMiniT;

Good points, and like you said, the FED head is Jewish.:cool:
And i will take your word as a pro trader it is above70dma:D


Not necessarly correlated very well with SPX/SPY as some think ;
but QQQQ had a nice downtrend day[friday], closed below 50dma.
If it wasnt such a n uptrend as measured by most moving averages;
may have considered holding shorts longer than friday about 12 minutes after 12;00 noon/central-chicago time:cool:

murray tt
 
... like clockwork: Short ER 810.50 = trailed out 807.50 +3pts

Bottom & rally all day or cave in to new recent lows from here, we'll play it either way :)
 
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