futures down---looks like ths is the start of the sell-off!

The market implied price at expiration of the Dec ES contract is approximately 1410.64.

nitro

 

The market implied price at expiration of the Dec ES contract is approximately 1410.64.

So?

 

Im still looking for a top but with the futures where they are tonight means nothing, tomorrow morning they will trade mostly flat. Once major retailers start posting figures and cnbc starts hyping up how well this holiday will be the markets will be up again.....

 

Yea like last week

and the nasdaq and dow and s&P still closed green

Nikkei means nothing

 

You said the same thing last time that the Nikkei meant nothing.

Your too funny....

 

i thought 5 cordinated bomb blasts killing 160 people with bush meeting in jordan where his increased visibility will cause more "events" will have people taking/protecting profits as bush has become a lightening rod for anti-american sentiment....his presence just stokes the fires in the middle east. if you are long the market next week you are wrong.....bush is so stupid by even meeting in jordan next week....bad scenario.....only bad things can happen by meeting......he should be behind the scenes....you saw those demonstrations in asia....spooked the market even then....just my take

 

So maybe you think Shrub is gonna screw up the party - is that it?

 

do you think any fund manager would liquidate something before the year's gains are calculated and bonus are paid?

 

There is one more leg up left. Watch for 1394 or 1400 for a pullback but no lower than 1388, and a trip to 1422 - green line.

the next important date to watch is 12/4.

2c.

 

On the short term charts the US markets are overbought and a small dip is expected but one should again look to buy at falls.