i doubt it. the retail sales number were just horrific. yesterday was a text book example of a bear trapping bulls. i am sure many held overnight because of that reversal candle stick. this is a brutal market and the best traders are getting sacked.
I hear you. I just made my way back to breakeven like an hour ago...I am going to take a small position long over the weekend. ES position that is.
Worst retail numbers since they started keeping records since the early 1990's. I actually thought they were going to be worse, -4%-5%.
There's got to be a lot of people who missed out yesterday and are waint for the pullback. A 50% retractment is around 863 and 38% is at 872..
Just out of curiosity, has anyone noticed that the 'TIME' to go long used to be 2:30pm and now is 1:30pm? Daylight savings time anyone? Perhaps the master TARP computer didn't get updated.