The GRINCH that stole the X-mas Rally

Discussion in 'Trading' started by T-REX, Dec 1, 2003.

  1. Not to be a knucklehead about it but have you considered the Weekly Chart on the ES?

    An argument can be made that perhaps we are still in a Bull market that has experienced a MASSIVE distribution of wealth i.e. profit taking. Now it could be further noted that we have successfully tested the lows i.e. support and are now ready to begin the next advance up cycle.

    However.......we now need continued support at the 1070 level to hold or we could actually see the begining stages of a "BEAR" market.

    IMHO we have not really seen the "BEAR" market these last few years but rather the above commentary I just gave.
     
    #11     Dec 17, 2003
  2. thanks for telling us that...

    gonna put my sell orders in as soon as I finish posting this reply!

    Thanks again...

    Oh... b.t.w who is going to win the Super Bowl and NBA championship... and what will the point totals be... so I can call Vegas!?

    ICe
    :cool:

    p.s. will the point decline be only 40 points or could it be 44 3/4 points or so?! What about 38 3/8?! t.y.

    :p
     
    #12     Dec 17, 2003