Strong bounce today

I think we rally hard today, im talking +40 or +50 on the ES.

I think the downdraft is over.

blackguard

 

Well done Elvis is dead as well

 

Slaves predict

Kings react

 

Well if you say it then it must be right cos you are always right - right?

 

Your pain wasn't felt alone. The range survived intact (cross my fingers).

<img src="http://elitetrader.com/vb/attachment.php?s=&postid=1568766" border="0" alt=""><br /></font></p></font></p></font></p>

Here's another graphical reason, I don't see a tank in the cards into friday. Way too much options vol in the trading range established this year. I'm still betting that a hefty squeeze is in the cards by friday.

The majority of the options activity is also fueled by bears.

 

Interesting chart - thanks for posting.

 

why would there be "hefty squeeze is in the cards by friday"....if it does occur - wouldn't the market tank or would the fed inject more liquidity?

 

I was referring to a short squeeze.

 

When Larry Kudlow says sell, you no it's time to buy.

 

ooh, a short squeeze on friday, i agree, i think its likely if there isn't any negative news.

what about tomorrow?...we get the housing starts data? could that make a difference?