Looks like the market is still down this morning. I do believe it will bottom today and start rallying from here. First target is the upper trendline from the triangle around 1187 spx or so. The ES is at major support and oversold on all the short term charts. So, according to those charts, a rally should start today at some point. I’ll probably take another long position at some point today. Good luck as always.
There has been some reasonable accumulation on the downside so the market will have a bounce at some point, but until I calibrate it, we could get one more nice downdraft to really embolden the bears which would create a helluva short squeeze event. Not going in YET.
Don’t know? Must be gremlins in your computer… LOL
Hey red, how did my disquis stay at old posts while everyone else came into the new stream? Weird.
Obama seems to be talking about Elenin and the expected Armageddon in video that is supposed too be about the 10th anniversary of the 911….
http://www.godlikeproductions.com/forum1/message1634175/pg1
We are on a new post now. Move over to it with the comments… http://reddragonleo.com/2011/09/11/margin-call-released-the-weekend-legatus-pilgrimage-ends/
Wow, Red u makin some good money eh?
Here’s what I see guys… http://screencast.com/t/cgJ1kVB1g
I see the support holding on this 4hr chart of the ES and a rally up to about 1187 or happening. The 2hr and 60 minute chart look similar too.
Good morning all…
Looks like the market is still down this morning. I do believe it will bottom today and start rallying from here. First target is the upper trendline from the triangle around 1187 spx or so. The ES is at major support and oversold on all the short term charts. So, according to those charts, a rally should start today at some point. I’ll probably take another long position at some point today. Good luck as always.
btw Hit my target on Spy from yesterday’s post 114 or 113 half! 🙂
Hi Red, nice post. don’t know about 1280!! here are my thoughts and analysis
http://hotoptionbabe.com/blog/139-anna.html
There has been some reasonable accumulation on the downside so the market will have a bounce at some point, but until I calibrate it, we could get one more nice downdraft to really embolden the bears which would create a helluva short squeeze event. Not going in YET.