MASSIVE MOVE awaits tomorrow, wednesday for Dow, SP, Russell

[eusdaiki]

Quote from Specterx:

It is puzzling to say the least that the market continues to rally even though econ data is worsening much faster than expected, housing continues to fall and the credit-crisis outlook hasn't materially improved. Can't complain though, there's a nice uptrend on the ES...

Please observe that the USD reached an alltime low today against the Euro.

I think the current "bull mode" is just the market that's not sinking as fast as the currency... as stocks and commodities have some fundamental value behind them, they tend to sink a bit slower than fiat money.

 

[Nugget]

Futures are down, oil 101 barrel, possible short tomorrow

 

[HedgefundTrader2]

Quote from Specterx:

It is puzzling to say the least that the market continues to rally even though econ data is worsening much faster than expected, housing continues to fall and the credit-crisis outlook hasn't materially improved. Can't complain though, there's a nice uptrend on the ES...

You are muzzling through that deep dark tunnel..maybe you can see the light at the end of February after all that doom and gloom and slumbered partying and food eating binges.., YES?

 

[HedgefundTrader2]

Quote from Nugget:

Futures are down, oil 101 barrel, possible short tomorrow

Go right ahead and short yourself to margin calls and account closures...thats the way cat walks I suppose?

 

[jeffalvinson]

Looking at the attached chart of the SPX and the multiple layers of resistance at 1395 and 1420 in this downtrend we are in,
I find it difficult to have any long term bullish aspirations.

 

[JSSPMK]

ImO we retrace today & possibly go a lot lower.

 

[redpr]

short in 101 oil, as a long term swing trade. months, id say oil in 95 mid april

 

[parabolic]

Quote from silvermotion:

This is good stuff...

 

[HolyGrail]

Well I wonder if the OP thinks that today's move was MASSIVE since that is what he predicted for today.

In any event, the bullish index still went up today and has formed a double top buy signal. All systems are go to 1420.

 

[increasenow]

Quote from HolyGrail:

Well I wonder if the OP thinks that today's move was MASSIVE since that is what he predicted for today.

In any event, the bullish index still went up today and has formed a double top buy signal. All systems are go to 1420.

it happened...moved up in AM and down in PM...it totally happened...look at the number of points up and then down...