Re-Testing old lows...back to Nov 24th...new target is 650 for the S&P

Where is myminitrading? What have you done to him?

 

ET has really gone down the tubes . . . This thread in the Trading Forum simply confirms that.

And the fact of the matter is that there are so many more VALUABLE websites out there that offer solid technical analysis.

Corey Rosenblooms blog at Afraid to Trade comes to mind.

For people that are really interested in useful T/A, his blog is a great place to start.

In fact, recently he published two interesting versions of the Elliott Wave count for the SPX that are most enlightening.

 

Today seems like it has the makings of a +200-300 point rally. We're seeing strong price action this moring, with solid, consecutive while candles. The fed's resurance that the Obama stimulus plan will help the economy will boost stocks.

 

If you say something enough, will it come true?
You have zero idea about anything...
clueless!!!

 

looks like stocks are on skid row now. they keep skidding lower.

 

Almost 8800 posts in only 2.5 years and you can't do anything but point out the OBVIOUS.

Congrats!

 

At last, a coherent statement. Nice observation.

 

Yes, for some reason futures are lower.

 

For some obscure reasons, the market continues to fluctuate.

 

Yup market bouncing off support of 8300-8400 on the dow. The volume is too light for for support to be broken. There are no more shoes to drop or anyting like that because so much negativity has already been priced into the market. The last time we saw such a strong reversal on support was three weeks ago and that preceeded a 700 point rally.

If you're short I recommend taking any profit now. This market seems poised to surge 5% anyday now.

note: I used the word "seem" so I leave room for error.