What is the chances that Tuesday will be an up day?

[noddyboy]

Quote from james_gsx:

We found a lot of support around the 50 EMA. The DAX has been holding up well and was acting as a good indicator for a while. But I think tomorrow we'll bounce a little bit, but who knows anything could happen. I love this shit.

SPX closed below the 50 MA for first time since March 07.

 

[notouch]

Quote from hardas:

The voice of experience

Damn busted

The rejection of the lows of the day on the 50EMA was almost as violent as the rejection of the highs at the fib pullback level so who knows what tomorrow brings? I would expect more buying given the impressive bounce off of the 50EMA but there are obviously sellers happy to step in on every rally. It's a day traders' market.

 

[james_gsx]

Quote from noddyboy:

SPX closed below the 50 MA for first time since March 07.

Oh, I was referring to the YM.

Tomorrow will be an interesting day for sure.

 

[executioner]

no doubt its gonna be choppy. 2 things htough,if the consumer starts showing weakness and the wage inflation numbers elevate,its gonna get ugly.

 

[acerbits]

I dont care if it goes up or down. just give me volume and clearly indentifiable trend(s)

 

[MrDODGE]

50%

 

[blackbook]

Quote from acerbits:

I dont care if it goes up or down. just give me volume and clearly indentifiable trend(s)

second. trend is your friend... up or down i dont mind as long as im the right side anything but a sideways market.

 

[noddyboy]

Quote from blackbook:

second. trend is your friend... up or down i dont mind as long as im the right side anything but a sideways market.

The problem is that people are disputing whether the trend is up or down...it like saying that I buy stocks that go up.