How far this rally can go ?

[stock_trad3r]

buy orders flooding in

 

[stock_trad3r]

In the span of just 4 days sentiment has made a 180. buy orders flooding in. cant stop this market.

 

[LongHead]

Quote from DataCruncher:

stockta.com is saying the next resistance on SPY is 80.69

I would have thought there was resistance sooner

http://www.stockta.com/cgi-bin/analysis.pl?symb=SPY&num1=1&cobrand=&mode=stock

I agree..i would say more like 78.35

 

[LongHead]

Quote from stock_trad3r:

In the span of just 4 days sentiment has made a 180. buy orders flooding in. cant stop this market.

where did you learn how to trade?

 

[Rex84]

I dumped my longs on the top of the second top we made this morning.

 

[DataCruncher]

Quote from LongHead:

I agree..i would say more like 78.35

you doing a fibonacci?

 

[suriNotes]

Here is the Symmetry Analysis of @ES Butterfly Pattern.

Regards,
Suri

 

[Ivanovich]

Quote from LongHead:

where did you learn how to trade?

Mad Magazine.

 

[Roman Candle]

Quote from stock_trad3r:

In the span of just 4 days sentiment has made a 180. buy orders flooding in. cant stop this market.

Watch the tape on the ETFs SPY,DIA,QQQQ. Offers are being pulled and then hit with 100 lot trades. Volume on this rally off the lows is not all that grand. Not like a major bottom.

Pull up a weekly chart after the close today and look at the volume of SPY,DIA,QQQQ. We have not had a capitulation bottom yet.

This has been a good low volume counter trend rally.

 

[ByLoSellHi]

Mad Magazine. LMAO!

In the famous words (modified) of Robert DeNiro's character in 'Ronin:'

"You haven't done so well {trading} lately."

"Maybe, but at least I don't go around whining about it."