Woohoo! Year-end rally! Awright!...um..

[DeepFried]

Nice rally today but it didn't go through any major resistance and the VIX is approaching its September and July lows.

 

[Apex Capital]

Quote from DeepFried:

Nice rally today but it didn't go through any major resistance and the VIX is approaching its September and July lows.

SPX 1233.34. . . which is the high of Oct. 3rd should be challenged tomorrow.

It's been a nice move over the past 5 weeks off the 1168.20 low.

 

[reno4nook]

Quote from dac8555:
a big question is...what types of positive things are there to report....

Well Let's see..

GDP is excellent

Unemployment is excellent

Corporate earnings are excellent

The Us Dollar is up 14% this year.

Terrorists appear to be shifting their focus away from America to easier targets in Europe.

Apparent Market Confidence in new FedChair Bernanke

World wide markets rising...

US Deficit less this month than expected

That wasn't so hard, now was it??

 

[satchel]

Quote from satchel:

see you on Friday when we punch 10,700

 

[DeepFried]

Quote from satchel:

lol! yep, we're not far away on that call...a short 60 points.

 

[DeepFried]

Quote from Apex Capital:

SPX 1233.34. . . which is the high of Oct. 3rd should be challenged tomorrow.

It's been a nice move over the past 5 weeks off the 1168.20 low.

Yes indeed, it's been a serious move. Do you think the Oct 3rd high is any more or less significant than the Sept and July highs? I was thinking we might trade through the Oct high and stall at those previous highs.

If it goes through July's highs it could really take off. And there's our mandatory year-end rally.

 

[DeepFried]

Quote from satchel:

see you on Friday when we punch 10,700

satchel, I salute you, sir. That was an excellent call. Looks like we won't quite touch 10700 but reaching within 15 points is pretty freakin' close. :eek: