Monday 9/22: Biggest market rally in history?

Discussion in 'Trading' started by Specterx, Sep 19, 2008.

  1. GG1972

    GG1972

    Looking at charts purely--most of them gapped to resistance moving averages and down from there but personally I think bottom is in.

    I think it will pullback a bit for a week to two weeks while some sectors (oil, commodities etc) will take off sooner than others. Got USO $81 calls on Wednesday.

    After consolidation I think it will set it self up for a good Nov dec rally.

    These are just opinions but I just follow the charts.

    Good reversal days like this are generally setups for possible trend setups in opposite direction.

    Trade wisely
     
    #11     Sep 21, 2008