Gotta love ZERO RISK in the SP500 = $$$

The little train that could, lets see.


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Haha you guys are still bearish? One heck of a rally! What are all your respective stop points to finally go bullish again? Thanks so much, what a thread!
 
short term (intraday) look good to keep going up. Reckon dow could put on a few hundred more points. Maybe by tomorrow. longer term still points to down...so will be looking at shorting tomorrow perhaps.
 
SunTrader said:
Yea but look at the past two down week's volume compared to the prior up week's volume.

As for SMA's, although some funds watch them and CNBC and the rest of the ill informed media mention them often you do know they are purely coincidental. Look at the move down from top - blew right through the typical lengths 20, 50, 100 and went slightly (so far) below the 200. Even if the bounce continues it is highly probable lows will follow and which would mean 200 SMA support was just an illusion. Those who use them only look at the times they "work" not all the others times they don't.
More...

The 200 SMA is watched MUCH more closely than others. It's not a magic bullet, but when the market respects it and has a strong reversal day, anyone with a modicum of sense will take notice.

"Even if the bounce continues it is highly probable lows will follow.."

Based on what?
 
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