Arnie... did you actually have some reason for your comment... or was it some bravado machismo statement without any real reason?! Just doing a survey of how guys come up with some of their projections. waggie seems to be one of the only traders who demonstrates any real analytical acumen in denoting key areas and offering other valuable input. Obviously not all analysis comes to fruition, but it 's nice to know the key levels of S/r and the like. Now if he could work on his bedside manner a little! IcE
Yes. The fact we had broken 1158.75 on the spoos. The overall trend is up and I saw no reason to think it would change. Whether this latest selloff is an intermediate change in direction is anyones guess. But I never get married to an idea or opinion. I do however like to go thru different scenarios of what could happen and think about how I would react.
A break of 1096 should peel a quick 45 handles off this unripe banana.....best of "luck" to all. grimer11