ES 800 "SUPER SUPPORT"...may NEVER go below it

Discussion in 'Index Futures' started by increasenow, Nov 11, 2008.

  1. I seriously doubt it ever will go below 800...do not see us ever seeing ES 799.00
     
    #11     Nov 11, 2008
  2. fair enough but WOW...WOW...WOW...I've not heard anyone say ES 600's except you...lets keep this thread running...wow....
     
    #12     Nov 11, 2008
  3. warren buffett called me today and said he was so sure GS would NEVER go below 100!!! :D :p :D
     
    #13     Nov 11, 2008
  4. ah yea, your point...can there be so much more bad economic data to bring the ES to below 800?...seriously, the buyers are about to "swoop" in like sharks on fresh whale blubber
     
    #14     Nov 11, 2008
  5. my point is your comment is worthless. Even if you think there is some support at round numbers do a backtest. You'll find it doesn't exist
     
    #15     Nov 11, 2008
  6. on a serious note...does GS buying point towards a ES rebound?...looks like a serious GS dip buying opp...chime in on this...
     
    #16     Nov 11, 2008

  7. he called me too
     
    #17     Nov 11, 2008
  8. GS may be covering up a substantial loss from trades gone bad....this needs to get verified before one starts bottom picking.
     
    #18     Nov 11, 2008
  9. but either way I hope to god you're right the ES doesn't go below 800
     
    #19     Nov 11, 2008
  10. that is a little stout...I would have to disagree with a Harvard degree,,,too much is riding on the SP500 to not hit 799...that would mean too much...many are optimistic about new Prez coming and bailout is helping already etc....all bad things have been brought to light...market turn around is here...ES super support is 800
     
    #20     Nov 11, 2008