No way we rally into the close. Reality will set in. No matter what they do, auto companies have to reorganize. Market will end up red today.
NYX just busted out of a perfect ascending triangle. Volume's a bit weak, but if this holds, we definitely rally into the close.
Heres my take at 1:30 pm et - short here at 874 or better with a stop at 886. Exit on close. There is an abc up pattern here on the 15 min from the lows to highs so if it turns its a good trade.
same levels and time frame im looking at. i thought we would get a fake break over the 200 ma which we did and now moderate selling into the close.
We're gonn end the day up huge News Flash!! You can use the TARP to cover GM..F*** the senate and the nuckle dragging, Marxist, paleocons who won't vote for the bailout. No one needs them. Also, the retail number was good.
Did you go long right now? "All in"? I am seeing a nice sell off into the close. Time will tell creme puff