Looking at the charts and trying to determine possible path of ES over 2009. I think the high may be between 1100 to 1150 Low: 550 to 600 Close: 1050 to 1100 High will be nearer the end of year Low will be nearer start of year
should be an interesting morning. I'll be selling between 906 and 908 stop at 911.50 before the big stops get triggered at 915. My theory is it should fill back in at least to 875 st. But since i would be considered at failure to break back into the up channel could be a lot more violent!
If we are going to get a sell off, it will be event triggered. Perfect timing would be test of yearly low or new low around Inauguration. Not bearish, just a caution to the bulls. Edit: That means, no matter how high ES reached today or Monday, even > 945, does not matter because a shock can easily take ES back down to 850 area in no time. Edit again: If there exists PPT, which is now switching hands, what would you prefer if you were them? A lower starting point = easier to claim credit for performance
Still in low volume mode. Funny thing is, extreme buying is seen again, this time cannot push up the price at all.
sh 98/97 ..93 bid quick scalp...small ledge on MP at 94 from wed,expexting to trade under,add 900, add 02 ,offer 03,,06 stp,,,add 05, move stop to 08