It is probably going to make a new high for the week, stop people out, then close slightly down for the week and maximize speculation for next week.
Yep, probably take out the buy stops above 875 so some big longs can take their profits without too much slippage.
Roman: I'll just speak in pictures instead of words since that's probably easier for you to understand... While we're at it, here's a snapshot of the four ES that I went out short on that friday afternoon. You can see below that I covered the last one early tuesday morning for a 42 point gain. When you get a moment, Roman, please post some screenshots of how YOU were able to take advantage of what the market has done between last friday and today. have a great weekend, -shadow
Starting to see those fabulous selloffs occur in the last 10 minutes of trade. Feels like a time not so long ago...when serpents ruled the earth, and the bears were in full control. Surely we're not headed back down that road...Cramer said that the "bottom was in," and he is NEVER wrong. I can't wait to see what happens on May 5th, I hear the Mayan calendar predicts major downside in equities on this day.