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Today looked a lot like June 10th


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#1 Rogerdodger

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Posted 01 September 2010 - 06:03 PM

Today looked a lot like June 10th.
It had a low closing trin of .16 and a high tick +800.
It was also launching from a retested low at 1040ish.
Sentiment was fairly neutral then too as was last night's.
So is it back to the top in a 1130 to 1040 range?
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=5&dy=0&i=p93211531194&a=94546561&r=2910.png

Edited by Rogerdodger, 01 September 2010 - 06:05 PM.


#2 Rogerdodger

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Posted 01 September 2010 - 06:14 PM

We have to get to 1100 in 2 days or my guru license will be revoked...or worse! Aug. 22: MARK THIS DOWN: "SPX 1100 WILL NEVER BE SEEN AGAIN IN OUR LIFETIME. (Unless it's in the next 10 days!)" WORDS WHICH WILL LIVE IN INFAMY (One way or another)

Edited by Rogerdodger, 01 September 2010 - 06:14 PM.


#3 Dex

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Posted 01 September 2010 - 06:35 PM

Will people hold longs over the long weekend?

A surprise with the unemployment rate could spark something this week but not much news to move the market next week.

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#4 porsche911sg

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Posted 01 September 2010 - 06:36 PM

We have to get to 1100 in 2 days or my guru license will be revoked...or worse!
Aug. 22:
MARK THIS DOWN:
"SPX 1100 WILL NEVER BE SEEN AGAIN IN OUR LIFETIME. (Unless it's in the next 10 days!)"
WORDS WHICH WILL LIVE IN INFAMY (One way or another)

Not that i am superbly bullish but if there an opening gap down on thurs it will be bought up and i guess it will close up 1100 likely be seen by friday. The people are just too beared up it cant just decline in this type of situation.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!

#5 pisces

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Posted 01 September 2010 - 07:12 PM

We have to get to 1100 in 2 days or my guru license will be revoked...or worse!
Aug. 22:
MARK THIS DOWN:
"SPX 1100 WILL NEVER BE SEEN AGAIN IN OUR LIFETIME. (Unless it's in the next 10 days!)"
WORDS WHICH WILL LIVE IN INFAMY (One way or another)


just want to take a min and tell you that your posts are always appreceated for your insight and humor we need more posters here that can keep their cool under fire. take a second and pat yourself on the back,you deserve it. good luck.

pisces.

#6 SemiBizz

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Posted 01 September 2010 - 07:40 PM

Today's closing tick was +1228 Year's high.
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#7 redfoliage2

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Posted 01 September 2010 - 08:21 PM

I'm sorry that you said that as the consequence is much worse than guru license being revoked :lol:

#8 Rogerdodger

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Posted 01 September 2010 - 10:00 PM

:D