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It looks like "a poke below 1100"


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#1 arbman

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Posted 20 May 2010 - 08:03 AM

The biggest moves always come at the end of the trends and 1112 did not hold overnight just on time... Congrats to those who have been sticking with the trend... :)

#2 redfoliage2

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Posted 20 May 2010 - 08:14 AM

The biggest moves always come at the end of the trends and 1112 did not hold overnight just on time...

Congrats to those who have been sticking with the trend... :)

This is a perfect move for a close at 1100.
Yesterday I thought it was going to do it, but today is a perfect day to do it...........

Edited by redfoliage2, 20 May 2010 - 08:19 AM.


#3 andiron

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Posted 20 May 2010 - 08:16 AM

load up the truck... the move up is a-coming..it could be violent...

#4 arbman

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Posted 20 May 2010 - 08:19 AM

Guys, why don't you let the decline work itself out first? You have no idea where it will stop, most likely we will see new lows first... SPX 1100 is now becoming a very important resistance, I do understand though the put buying will go ballistic today and tomorrow...

#5 thespookyone

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Posted 20 May 2010 - 08:36 AM

If I was seriously bearish here, and didn't get a minimun 300 point Dow down day today-I'd cover FAST-nuff said.

#6 SemiBizz

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Posted 20 May 2010 - 08:43 AM

As I mentioned about a week ago... Crash is just getting warmed up...
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#7 milbank

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Posted 20 May 2010 - 08:49 AM

load up the truck...
the move up is a-coming..it could be violent...



Be my guest. . .

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Edited by milbank, 20 May 2010 - 08:50 AM.

"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw


"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe


#8 rkd80

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Posted 20 May 2010 - 09:04 AM

load up the truck...
the move up is a-coming..it could be violent...



Be my guest. . .

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LOL, mil, that is excellent work there.

I covered yesterday completely, move in Euro spooked me. Can never catch these things perfectly.
“be right and sit tight”

#9 milbank

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Posted 20 May 2010 - 09:08 AM

I want to add it's already looking like it's going to be a great day for us . . .

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Scalpers.

"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw


"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe


#10 thespookyone

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Posted 20 May 2010 - 10:50 AM

Milbank-These ARE some fine scalping waters!