Discussion in 'Trading' started by NY_HOOD, Jun 8, 2011.
my S&P target is 1252 followed by 1180 ..mark these area's down.
My target still stands. thats where we should get a bounce(should).
the Naz already broke through the 200 dma. the dow has about another 150 points to where it finds any support.
i will buy at these levels and then buy more at other support area's; little by little. this Greek default thing as well as high raw material costs are scaring alot of people..not to mention the employment situation as well as the bad housing market.
You are still trading? Thought you moved on to the construction biz?
I too believe we are breaking down, we are at a crucial multi month low right now on the ES though, so we need to break through it in the next few days, otherwise if it holds things will start to tick up again.
Don't forget EURUSD daily / weekly charts are definitely
bearish and vice versa USD so it's only a matter of time
before EURUSD rolls over and stocks drop significantly.
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