What's your target for the bear rally?

[staffpro]

educated guess is where we started the very steep decline back in september so somewhere around 1100-1150 on the sp500

 

[turkeyneck]

The short side looks crowded...

 

[smilingsynic]

1125-1150 by Christmas.

 

[tommymoose]

First resistance levels (there are more above, but these have high probability of being reached)

SPX - 1070-1080

DJIA - 10350-10450

NDX - 1585-1625

... within the next month at most

 

[Kendall]

S&P going back to the highs...Maybe it takes a few years but it's going there. They couldn't break out the lows of 2002 so now we go back and try to break out the highs. If it fails up there the massive consolidation range will just continue...

 

[AMT4SWA]

Quote from AMT4SWA:

If the ES could trade above 1050 I will be looking for Long Term SHORT entries again.....in the mean time we are in intraday trading territory only imo.

I have minimal faith in these type rallies, so I have already dumped 80% of my Rydex 200% S&P500 positions I had accumulated the last three days........take the money and run!

Just covered my last 20% of the Rydex 200% S&P500 LONG position I was holding. I will be looking for ES SHORT signals with any trading above the 1050 level.

 

[AMT4SWA]

OK....I have a signal based ES SHORT entry at 1058.00

 

[axehawk]

I think the bottom is in. We will never see 7800 again on the Dow. Vix was over 70, super pessimism everyone, world intervention, blah, blah.

I think the people who are thinking we're going back down to make new lows, are the ones that missed this massive rally.

I usually have a slightly negative view on the market, but I am becoming more bullish. Can't fight the Fed.

 

[AMT4SWA]

Quote from AMT4SWA:

OK....I have a signal based ES SHORT entry at 1058.00

Covered 33% of my position at 1037.00 ....... nice drop! :eek:

 

[nonlinear5]

Quote from axehawk:

I think the bottom is in.

I think the top is in. I am short from ES 1065.