S&P @ 1060.9 1100 or 1000 first ? I say 1000, and my indicator is that smurf finally went long at the top.
Go read a stats book please. Short term it looks like it will go to 1000ish but the trend is still intact. Unless it violates around the 960ish level its still very bullish for now. Bears can throw all the reasons they want to short the market but anyone who shorted the last 6 months got an ass whooping.
I found the perfect ET indicator ! First, smurf was finally long. Second, 30 of 53 (57%) of poll respondents favored upside to 1100. ET members are normally bearish biased, so 57% is a strong bullish figure. Both are great contrary indicators. When the two ducks lined up in a row it was a strong sell signal and money in the bank. Trading is as $imple as that amigo$ !
FUNNY, RIMM IS DOWN SIGNIFICANTLY AH, down almost $10 bucks however the the s$p and dow futures are slightly positive and the NDX futures down only .25 Now if RIMM had been up $10 to over $90 a share the futures would be up 1/2% tonight and by 7:30am they would be up close to 1%. Funny how one of the biggest tech stocks down $10 bucks isn't doing much to move the futures to the negative side.
You reveal your lack of integrity on Elite Trader by this statement, taken completely out of context. Surf regularly posts stock trade ideas and posted several "5 days down" long setups. This had nothing to do with his overall bearish index bias.
If elpollo chicken says fuck then his trading system works better? Don't think so. That is why newbies like you wind up angry and cursing. Must have lost quite a bit today huh? Why not just use a methodology that works? Making a blanket statement like "trade the tape" is worthless. I say "yippee" when I trade because my tradng brings me happiness. Take calculated risks. That is quite different from being rash. George S. Patton Successfully, Alex L. Wasilewski Co-Founder & Head Trader Trades That Work www.puretick.com 1-877-GOLONG1 (1-877-465-6641)
Hahaha, imagine if rimm was up AH, the Dow would easily have gone to 10k. Rally that market tomorrow you foolish bulls. FUTURES *S&P FUT ____1048.80 ______ +4.50___ +0.43% *DOW FUT ____9639.00 ______ +4.00___ +0.04% *NAS FUT ____1704.75 ______ +5.25___ +0.30%