This week when we crossed up the line now bellow 900 /it was higher/ we were always falling bellow it.
As I mentioned before, there was fund liquidation the whole week. Thus, it is unwise to pop the market until the liquidation subsided. Perfect timing!
Very nice daily reversal hammer in SPX. RUT cutting into yesterdays bar. Watch for confirmation M or T. Yom Kippur signal in effect.
Just a comment for traders, shoulda woulda coulda is the worst habit you can have, this is the kind of thinking that will make you go broke. Princessa maybe short covering or the last short covered at 85.00 hard to say.
10-10-08 01:47 AM FYI, The same system that flashed a crash coming back in July 07 just flashed a buy when we hit the 880s. Major bounce coming for sure over the next week.
I was cranking this on the stereo in oct 87, watching the carnage after school. Still have the cassette around here. http://www.youtube.com/watch?v=Ra8VTlXVqUQ
It works both ways. The fear of missing out on a huge market bounce also works miracles.... I was guessing a rally, but didn't post it so no cookies. Market usually bullish before longer holiday weekends... Posted yesterday afternoon: