ES Journal Archive (2006 - 2008)

Makes you wonder if there is an option position that needs to be hedged at that level (all the dealers are buying at that level to continue being delta neutral).

 

CMON BEARS!!!!!

 

1st crack in the dam,didn't hold supp

 

WHAT SEZ YOU?

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2216749" height="600" width="800">
Click to enlarge

 

gap from fri close 879 to mon open 892 now being filled

 

We're still not out of the woods just yet. We need to crash and close below 75 to have any kind of certainty.

But, to keep an even keel in the face of impending catastrophe, you will hear no more dire prognostications from me. Cheers!

 

partial cover 77

 

It's pretty close right now. :eek:

 

Could hit 865 by close

and 800 by Friday's close

 

72 target hits

It is also RTH S2.

There is no compelling reason to keep dropping either.

Edit: My preferred long term buy would be 850 area.