Since today is Friday, and all the bad news is out now, and the fact that the rest of the day is likely to have light volume… I'd say that this would be the perfect day for the market to break out of the falling channel.
This assumes that they want to rally the market now, and this isn't just a head fake? It's a nice double bottom now around 1040, so it might hold today. The key is if they break out of the falling channel or not by the end of the day.
The market might be rallying but Goldman isn't…
buying a whole lot of HPQ longs options, today. don't you just love the dow 30?
It's at gap fill right now, so it might not fall too much further. But, it might not rise either?
I don't see the VIX going above 29 for a few days.
Dow Jones futures trading range
http://niftychartsandpatterns.blogspot.com/2010…
It's Bear Squeezing time!
Effen unbelievable. Just absolutely silly.
Man, the GDP and Bernankes' speech must have been wonderful…
Since today is Friday, and all the bad news is out now, and the fact that the rest of the day is likely to have light volume… I'd say that this would be the perfect day for the market to break out of the falling channel.
This assumes that they want to rally the market now, and this isn't just a head fake? It's a nice double bottom now around 1040, so it might hold today. The key is if they break out of the falling channel or not by the end of the day.
Do you know someone at Goldman Sachs? LOL