Strong bounce today

Quote from islands111:

I think we rally hard today, im talking +40 or +50 on the ES.

I think the downdraft is over.

blackguard
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Well done Elvis is dead as well
 
Quote from islands111:

I think we rally hard today, im talking +40 or +50 on the ES.

I think the downdraft is over.

blackguard
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Well if you say it then it must be right cos you are always right - right?
 
Quote from Pa(b)st Prime:

What a close call. If SPX had printed anywhere on a 1519 handle I was history.
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Your pain wasn't felt alone. The range survived intact (cross my fingers).

<img src="http://elitetrader.com/vb/attachment.php?s=&postid=1568766" border="0" alt=""><br /></font></p></font></p></font></p>

Here's another graphical reason, I don't see a tank in the cards into friday. Way too much options vol in the trading range established this year. I'm still betting that a hefty squeeze is in the cards by friday.

The majority of the options activity is also fueled by bears.
 

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Quote from dtrader98:

Your pain wasn't felt alone. The range survived intact (cross my fingers).

Here's another graphical reason, I don't see a tank in the cards before friday. Way too much options vol in the trading range established this year. I'm still betting that a hefty squeeze is in the cards by friday.

The majority of the options activity is also fueled by bears.
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Interesting chart - thanks for posting. :cool:
 
Quote from samuelg:

why would there be "hefty squeeze is in the cards by friday"....if it does occur - wouldn't the market tank or would the fed inject more liquidity?
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I was referring to a short squeeze.:)
 
ooh, a short squeeze on friday, i agree, i think its likely if there isn't any negative news.

what about tomorrow?...we get the housing starts data? could that make a difference?
 
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