And another reason for a rally is that where the fuck is anyone going to place their money now a days to make a cool risk free 5%, it sure is not happening in CDs or money markets. Would be nice if a guy retired in his 70's with a few hundred thousand could place that money quietly in a 1-2 year CD paying 5% so he can withdraw that money to pay his utility bills or put food on his table but no, bubble ben bernanke would rather have rates at 0% to prop up all the banks and give them all the free money they can get their hands on. It will be years before you can get 4-5% in a money market account years!!!!!!
How about the S&P up Monday and maybe Tues. to 1115-1117 then drop by mid-week to 1100 , where there is massive open interest? Or am I talking out my ass!
INDEX VALUE CHANGE OPEN HIGH LOW TIME DJIA INDEX 10,462.00 69.00 10,405.00 10,464.00 10,405.00 22:09 S&P 500 1,112.40 7.50 1,109.40 1,112.90 1,108.90 22:27 NASDAQ 100 1,903.00 13.25 1,895.75 1,903.00 1,895.75 22:28 TICKING BY THE HOUR!!! Tomorrow morning futures should be up 1%+
Updates through the night!!! Futures being pumped up while you catch your ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ'SSSSSSSSSSSSSS Pump those fucking futures higher!!!! INDEX VALUE CHANGE OPEN HIGH LOW TIME DJIA INDEX 10,478.00 85.00 10,405.00 10,478.00 10,405.00 23:38 S&P 500 1,114.30 9.40 1,109.40 1,114.60 1,108.90 23:40 NASDAQ 100 1,905.50 15.75 1,895.75 1,905.50 1,895.75 23:38
http://quantifiableedges.blogspot.com/2010/09/very-low-volume-range-often-make-for.html of course, these type of studies don't matter since the market can only go up nowadays on a more serious note, i do have a problem with <200dma as a filter in the study. today we are already above 200 dma, does it make the study irrelevant?
Tomorrow I'm playing as down to at best flat. Still IMO going to be a big week overall, but obviously a lot of that got done today. But: bull markets don't give easy entry. This is still, overall, a massive bear squeeze.
it is "New Fair Value" but I prefer "Nitro's Fair Value". the signals are in his journal. http://www.elitetrader.com/vb/showthread.php?s=&postid=2951481#post2951481