The nadir (from Arabic ندير nadeer نظير nathir, "opposite") is the astronomical term for the point directly below the observer, or more precisely, the point with an inclination of −90°. In simple terms, if you are standing on the Earth, it is the direction "down" toward your feet.[1] Geometrically, it is the point on the celestial sphere intersected by a line drawn from the observer's location on the Earth's surface through the center of the Earth. The point opposite the nadir is the zenith. Nadir also refers to a downward-facing viewing angle of an orbiting satellite[2], such as is employed during remote sensing of the atmosphere, as well as when an astronaut faces the Earth while performing an EVA. The word is also used figuratively to mean the lowest point of a person's spirits.
Long 890.5 stop 879.5... target is 950. Betting that 880 is the line in the sand, triple bottom staring me in the face on the 15/60min which also completes the double bottom from Friday. Edit: And lines in the sand aren't much of a barrier, -11 I hope ES dies a slow death.
Liquidation spread to all sectors now. Edit: Similar to past few days, if no outside paper stepping in to buy, we will go significantly lower. The usual trading crowd cannot absorb the sell side liquidity they are facing.
873 S1 with some high vol buying only recently started following them. Coincides with support on 101008
10-14-08 08:17 AM Market is heavy @ 1050. Anyone take notice of the 3 pushes that made up this move. -----------------------------------------------------------------------------