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ammo
Registered: Feb 2007
Posts: 18258 |
01-02-09 04:30 PM
temp you are right,spu's have a 4 pt range for last 30 minutes, 911-15,we've hit congestion,but we could go higher,
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Decel
Registered: Dec 2006
Posts: 697 |
01-02-09 04:31 PM
Seeing short-term RSI divergences on ES, NQ, and YM, and NQ hasn't printed a new high.
But grossly, I'm just answering my urges, with a bad entry it seems...
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Jahajee
Registered: May 2006
Posts: 1234 |
01-02-09 04:32 PM
Quote from Lawrence Chan:
So the obvious target is 912-13 then 
I think they will try to rally this to the close ... an ADU day
BUT, I am extremely bearish, more and more bearish as it goes higher.
It is very difficult but I have to restrain myself from buying XLF and QQQQ February puts... looking at the 5m and hourly XLF and QQQQ charts as they rally and VIX swooning , now at 37.85.
Anyone else bearish?
We are now in the SPX 915/920 zone; if it can break above 925 then it can rally to 975 in a day or two.
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