Edited by iron cross, 22 August 2007 - 03:02 PM.
End of day rally mkts short term capitualtion by bears!
Started by
atlasshrugged
, Aug 22 2007 02:57 PM
3 replies to this topic
#1
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
#2
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
Posted 22 August 2007 - 03:18 PM
You guys might be right. The SnP500 appears to be doing it's thing.
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.
CHARTS
mss
Looks like the test will come around 1485+/- and so far the upward bias has yielded 18.5 points.
But, tomorrow is another day in lollypop land.
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#4
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.