Just got my first buy signal today as well at 1178. Already started accumulating a few days though (at higher prices)
Well folks here you have it, the bottom. The bear market from last summer just ended here. Buy ES, Buy Goldman. Just buy.
I dunno, this looks a little dodgy. Doesn't seem like there's all that much buyer conviction to push this towards 1190/1200. 'Course it could just be Them accumulating before the huge run-up, I might eat my words here in about 10 minutes.
Exactly right, if you look at the 081607 lows it had rocket fuel. Who knows, I'll give short a go ....
as long as it's trading around 1175 we are ok, that's a huge level. Once the panic settles down and bottomfeeders come back in, it will go up.
Wave, if you are correct on this call I will you openly give credit anytime anywhere. Truth is that we are on bottom of multimonth bear channel but why you do not expect another big leg down later I can not understand. up to this time we are extremely exactly copying structure of last bear market and there was the biggest and last leg still before traders /as minimum I see it that way/. The 80 years line from 29 ist difficult make enough precise that everybody will see it same way. However temporary bottom for weeks or few months - could be. But in this case we need rally. Otherwise what will happen tomorrow I even do not try guess - with the new shorting rules or without them.