The biggest support level on the way down is around 1020-1025. There are now 2 upward sloping trend lines and a horizontal line (at 1020) that will be major support. If they break, there is no more major support until 995-1000 area.
The key today is of course the jobs number. One day at a time my friend… one day at a time….
The biggest support level on the way down is around 1020-1025. There are now 2 upward sloping trend lines and a horizontal line (at 1020) that will be major support. If they break, there is no more major support until 995-1000 area.
The key today is of course the jobs number. One day at a time my friend… one day at a time….
Hey leo, like the blog – i'll be shocked if we do nail 1000 within a week, i'm not sure it's possible unless of course the begin now – i suppose anything is possible but there is a stink load of support on the way down. It'd take something in the order of an emergency % rate raise and/or a major financial going under for it to move there that rapidly – the OI on the index funds don't show this but there is some interesting outlying OI further out into november. Either way i remain open-minded and hope it plays out the way you anticipate. For me, just taking it each day as it comes.
sounds good I kept my longs into the close for the gap up that I figure will be caused by the quants ramping the close then try to play the intraday reversal tommorrow …..shouldnt be a day to run errands have to keep close to the 'puter…
The biggest support level on the way down is around 1020-1025. There are now 2 upward sloping trend lines and a horizontal line (at 1020) that will be major support. If they break, there is no more major support until 995-1000 area.
The key today is of course the jobs number. One day at a time my friend… one day at a time….
The biggest support level on the way down is around 1020-1025. There are now 2 upward sloping trend lines and a horizontal line (at 1020) that will be major support. If they break, there is no more major support until 995-1000 area.
The key today is of course the jobs number. One day at a time my friend… one day at a time….
The magic of the turbo (lol)
Yeah, I posted one just for you… and it even looks like you! Wow! Go Figure? LOL!
Red,
Any updates for us. Seems like they are talking about a buying frenzy.
Thanks
Hey leo, like the blog – i'll be shocked if we do nail 1000 within a week, i'm not sure it's possible unless of course the begin now – i suppose anything is possible but there is a stink load of support on the way down. It'd take something in the order of an emergency % rate raise and/or a major financial going under for it to move there that rapidly – the OI on the index funds don't show this but there is some interesting outlying OI further out into november. Either way i remain open-minded and hope it plays out the way you anticipate. For me, just taking it each day as it comes.
sounds good I kept my longs into the close for the gap up that I figure will be caused by the quants ramping the close then try to play the intraday reversal tommorrow …..shouldnt be a day to run errands have to keep close to the 'puter…
Thanks, looks very close like me
The magic of the turbo (lol)
Yeah, I posted one just for you… and it even looks like you! Wow! Go Figure? LOL!