My take is the Market is and will UP again at least until Wed, the possible pivot point will be Wed when something really screw up from Europe.
So far, market just continue to UP trend.
So far, market just continue to UP trend.
Perfect Shorting Opportunity
- Thread starter EMRGLOBAL
- Start date
Quote from S2007S:
Dont fall for this rally, its only 4 weeks old and up over 12%, I call that a bear market rally
Buy. S&P 1237.00 latest. Euro dancing around 1.3850. More to come until Christmas. As usual weak hands will bleed.
PMI rising from 49.9 to 51.1. Nice jump. EOY rally is secured. ;=)
Cute.
Those that are easily frightened are easily excited.
ES futures dropped 7 points the last 30 minutes. Why? Rumor has it that Angela Merkel sneezed and it was misinterpretated as "no more bailouts." A quick clarification of the misunderstanding limited the fall to 7 ES points for now. The market is obviously very nervous at this point.
There is a gap above at 1250,75 and two below.
After filling the one above, if we do, we may just as well reverse from there.
God, I`m glad I`m not in the business of doing long-term predictions.
Those that are easily frightened are easily excited.
ES futures dropped 7 points the last 30 minutes. Why? Rumor has it that Angela Merkel sneezed and it was misinterpretated as "no more bailouts." A quick clarification of the misunderstanding limited the fall to 7 ES points for now. The market is obviously very nervous at this point.
There is a gap above at 1250,75 and two below.
After filling the one above, if we do, we may just as well reverse from there.
God, I`m glad I`m not in the business of doing long-term predictions.
Top tick of the ultimate high (as well as all prior swing highs as well as all intra-day highs) goes to the ax.
Meaning, it's elusive.