Tuesday, November 25, 2008

Up Up Up

Seem like we MIGHT just get some relief from the selling. I think they cycle should end in January for a low so it would make a great play if we go up into the end of year.
I am goign to run some numbers later and post-

GAP up Play

For you futures guys- I will be shorting 882.50 on this gap up if we hit that in the first 20 minutes. Make that 882.50/ 884 area to give it some room. 878 might provide some initial resistance too

Tuesday

S&P resistance is 871 but we looking like we will open right there. Next significant resistance is 905/906. So that's at least 30 points higher. Seem like they want us higher into the holidays. If they close us green today this will be the first 3 day rally in awhile. I think we were oversold and this is just a ABC corrective more.
Watch 905 as next significant line