Support is holding, market is oversold, GOOG is up
Started by
denleo
, Nov 02 2007 10:53 AM
7 replies to this topic
#1
Posted 02 November 2007 - 10:53 AM
Support is holding, market is oversold, GOOG is up. What other evidence do you need?
20 points on S&P is the minimum bounce.
Denleo
#2
Posted 02 November 2007 - 11:07 AM
agree, not until a close below 13,400 and 1485ish, does the doggy door come into effect.
#3
Posted 02 November 2007 - 11:12 AM
Support is holding, market is oversold, GOOG is up. What other evidence do you need?
20 points on S&P is the minimum bounce.
Denleo
30-min countertrend buy at 12:00 Est. Complex bottoming on 30-min charts. Good bet.
Edited by NAV, 02 November 2007 - 11:12 AM.
#4
Posted 02 November 2007 - 11:12 AM
If/when/once....... ES is back on top of 1512...it should motor.
#5
Posted 02 November 2007 - 11:16 AM
Long GOOG at 707.
Denleo
#6
Posted 02 November 2007 - 11:27 AM
The make or break for the day will come around 1:30 Est like yesterday. If there's a momentum failure around that time, we should retest morning's lows. Otherwise, it should be good for 25-30 SPX points to the upside. But the odds are more favorable for a long attempt than yesterday for sure.
Edited by NAV, 02 November 2007 - 11:28 AM.
#7
Posted 02 November 2007 - 11:59 AM
Looks to me like they are coming out to get Shorty. Positive ticks coming in for the last 20 mintes or so. If I were short, I would cover.
TM
#8
Posted 02 November 2007 - 01:25 PM
es overnight hi was c. 1525, now also near the 135 min mid BBs (20). market often likes to hit the futures overnight his and lows in the day session.
klh
best,
klh
klh