Nice bounce Thank G-d

Now we could go and test 975 because we need to make it up before we could make a real bottom.

why is gosh on the bulls side.....

Great call. Amazing market. I suspect the bears are stunned.

Because the bulls will rule until Its time to make a new low. Its all about supply and demand and there are too many shorts now so we need to squeeze the daylights out of them. I saw this coming this morning. I added a nice amount of longs right at the bottom. Its looking good.

Lets see if my higher for the day prediction comes true. I am surprised myself even. I thought it would not go up this much after 2:45.

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Now we could go and test 975 because we need to make it up before we could make a real bottom.

Great CALL, ISAAC613 !!

Good luck in all your trades.

CP1

Every bear market of this magnitude of the past 200 years has not gone up past Feb. 7 according to gannglobal's research. If this market does it will break the 'dna' of this previous major bear markets. What is it you are seeing that makes you think the market will rally strongly now?

Lets see if my higher for the day prediction comes true. I am surprised myself even. I thought it would not go up this much after 2:45.

nice call I... I did not expect that much bounce either. Not complaining

Z

Every bear market of this magnitude of the past 200 years has not gone up past Feb. 7 according to gannglobal's research. If this market does it will break the 'dna' of this previous major bear markets.

What is it you are seeing that makes you think the market will rally strongly now?

The NYSI gave a sell two days ago (the red arrows below) so I was short most of today and went flat just in time. Surprised me how fast that squeeze ran.

Now I don't know what Isaac is seeing, but what I'm seeing are lows above lows in a slowly developing up trend in the NYMO and the highs below highs in the down trend in the VIX while the market chops sideways, and that makes me wonder if the market is building strength under the surface for a raging bear-market rally. With the NYSI walking a ledge, this setup could crash as fast as everything turned around today, but if the NYSI gets moving to the upside off that ledge (the dots in the price chart), that's going to be one of the biggest Summation divergences ever.

Granted, it also would not surprise me if the market takes a sudden hard fall off that ledge either and tests the November lows, and but even then there's likely to be a hell of a divergence still in place on the Summation and if there is, the rally is could come screaming out of there like a banshee bent on a bear massacre.

Of course, none of this has happened yet and the market can do whatever it wants but I'm thinking the bears are going to have to keep working real hard to keep this going. The second they pause to take a breath something like today happens. THE BEARS ARE GOING TO HAVE TO KEEP WORKING HARD TO KEEP THIS GOING DOWN! Feels strange even saying that given what's happened in the last year, but then these are strange days.

Good trading to all.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=2007-10-10&i=p94426138937&a=161122330&r=9179.png