Spoos may trade locked limit up come sunday night

Please continue to rally.......I need a better average cost on my short line. Our gov't can bomb the shit out of anybody but can not run their macro economic policy with any insight. 900 is a brick wall.
Short em if you got em........


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It's all about the Gold Teeth.


Hay..Q......

What ya think about 900 now. A block wall that will not fall until our economy allows us to trade north of 900. My short line is set at 900 and have a nice profit for cushion. :p
 
Quote from LongShot:

nice call by the nitro man! :cool:
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Yea bottom line, it was a great call by Nitro. When he made it there were plenty of guys here who would have been willing to sell futures unched from Friday.
 
SA,

I missed it in the chatroom - did you take profits close to the top?

nitro
Quote from StockApprentice:

Well it would be nice...for me anyway, since I'm long.

I have mixed thoughts on the price action here, and am, for the most part, unconvinced either way.

The Spoos traded in a very tight range at the end of friday, which seems to me to indicate a nice move on a break out. Yet this is a directionless indicator.

As far as the war news is concerned, I haven't really heard anything happen that was really unexpected. Now, if we capture most of Baghdad today, and find out that Saddam is dead, then that would be a bit of a surprise...

What is interesting to me is that we seem to be at a key price level. From looking at the charts, if we break much to the upside we could very well have a good break of the downward trend/bearishness that has plagued the market for the last couple of years. If anything could cause this to break out, then it would probably be good war news.

Conversely, the trend hasn't been broken yet, and I'd be pleasantly surprised to see a strong break here.

Someone else have any thoughts on the price action here? Do you consider this resistance point critical, etc?
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