1125 Is the level If we stay below that this week bear market If bulls hold that level steam will be out of the downside. Good luck Shorters
it's safe to say that the boy's who control this market every expiration and move it up to fatten the calls and down to fatten the puts and then bring it in at the mid for a monthly fat check,are no longer in control and the world credit situation is unraveling,as the plan didn't work,plan 2 would be everyone fend for themselves,a lot of uncertainty out there which is always bearish
I already have a chart posted That has levels on it 1093.75 is 1st oversold level 1062.50 is 2nd oversold level My levels automatically reset by algorithm. Once they reset we are in bear market until then bulls still have a chance
I am notgood enough trader to make predictions or guesses because all I have been told to do is trade what is in front of me.So while I have to sit on my hands today I am predicting the calvalry is gonna knock over the indians and close it up 1150 plus. Of course it is only a guess but I also had a gut feeling the market was going to be disappointed earlier
stop moved to 25 on remaining 2/3, will probably end up holding over night would like to take of a 1/3 at 1077