What's your target for the bear rally?

Discussion in 'Trading' started by cunparis, Oct 13, 2008.

  1. educated guess is where we started the very steep decline back in september so somewhere around 1100-1150 on the sp500
     
    #11     Oct 13, 2008
  2. The short side looks crowded...
     
    #12     Oct 13, 2008
  3. 1125-1150 by Christmas.
     
    #13     Oct 14, 2008
  4. First resistance levels (there are more above, but these have high probability of being reached)

    SPX - 1070-1080

    DJIA - 10350-10450

    NDX - 1585-1625

    ... within the next month at most
     
    #14     Oct 14, 2008
  5. Kendall

    Kendall

    S&P going back to the highs...Maybe it takes a few years but it's going there. They couldn't break out the lows of 2002 so now we go back and try to break out the highs. If it fails up there the massive consolidation range will just continue...
     
    #15     Oct 14, 2008
  6. Just covered my last 20% of the Rydex 200% S&P500 LONG position I was holding. I will be looking for ES SHORT signals with any trading above the 1050 level.
     
    #16     Oct 14, 2008
  7. OK....I have a signal based ES SHORT entry at 1058.00
     
    #17     Oct 14, 2008
  8. axehawk

    axehawk

    I think the bottom is in. We will never see 7800 again on the Dow. Vix was over 70, super pessimism everyone, world intervention, blah, blah.

    I think the people who are thinking we're going back down to make new lows, are the ones that missed this massive rally.

    I usually have a slightly negative view on the market, but I am becoming more bullish. Can't fight the Fed.
     
    #18     Oct 14, 2008
  9. Covered 33% of my position at 1037.00 ....... nice drop! :eek:
     
    #19     Oct 14, 2008
  10. I think the top is in. I am short from ES 1065.
     
    #20     Oct 14, 2008