Hope for the Bulls?

Discussion in 'Chit Chat' started by NoProblem, Mar 9, 2009.

  1. Possible falling wedge.

    Personally, as a trader, I could care less which way the market moves - and a wedge is a wedge. (S&P E Mini Futures chart)

  2. fsmart


    I agree completely. I try to remain unbiased during the day since I can make money regardless of the direction.

    But over the last week the shorts have clearly had a hard time driving down prices any further. That being said there hasn't been much buying pressure either.

    So we appear to be reaching a point of equilibrium. Personally I think a re-test of 800 is in the cards.
  3. Watch out when your wedgie fails :cool: