i have 1200 on the SPX......http://stockcharts.com/def/servlet/SC.pnf?c=$spx,P
Call it Bear Market Rally or Dead Cat Bounce
Started by
traderpaul
, Oct 28 2008 06:08 PM
4 replies to this topic
#1
traderpaul
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Posted 28 October 2008 - 06:08 PM
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#2
pdx5
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I want return OF my money more than return ON my money
Posted 28 October 2008 - 06:52 PM
I thought a dead cat bounce is 1/3 or less of the previous days decline.
90+ point advance today is much more than a dead cat bounce. But
it easily qualifies as a bear market rally. Bear market produces the most
potent 1 day wonders.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
saltlake
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Posted 28 October 2008 - 06:55 PM
I used the dip in the globex session as an oppurtunity to buy the ES(dont fade this one) I will let you know again when to fade 
#4
The End
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Posted 28 October 2008 - 07:46 PM
IF we go any higher and I think we will, a move as high as 1070-1090 is what I am looking for.
NONE of what I type should be taken as financial advice.
#5
jsavage
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Posted 28 October 2008 - 07:58 PM
948, then down hard to 650 then slow stair-step to 1150 by year end.
