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End of day rally mkts short term capitualtion by bears!


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#1 atlasshrugged

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Posted 22 August 2007 - 02:57 PM

All this cheer and the spx is right up against resistence! But I agree with A ha that we wont come close to testing

Edited by iron cross, 22 August 2007 - 03:02 PM.


#2 eminimee

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Posted 22 August 2007 - 03:03 PM

cowboy short is at 1473 ES...meaning a short there with a tight stop is worth it.

#3 mss

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Posted 22 August 2007 - 03:18 PM

:)
You guys might be right. The SnP500 appears to be doing it's thing. :P

Starting to see short term upward bias creep into the indicators. Still dont think a bottom is in, but for a short time we might trade upward, then retest the complex bottom.

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Looks like the test will come around 1485+/- and so far the upward bias has yielded 18.5 points. :blush:
But, tomorrow is another day in lollypop land. B)
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#4 thespookyone

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Posted 22 August 2007 - 03:33 PM

cowboy short is at 1473 ES...meaning a short there with a tight stop is worth it.


I'm hoping for a nice gap up for a leg up into the saddle in the morning. :)

Edited by thespookyone, 22 August 2007 - 03:34 PM.