Ok here folks. Here is the deal. We got a rally off the test of the July lows on the S&P today and yep many will say it was the bottom again. EEEEE nope WRONG, not so easy. The most we hope for is 1305 on the S&P which is possible if we can get in gear but it will only trigger selling.
Today the RUSSELL struggled to get into positive territory, that to me says alot. Again 750 SHOULD once again be resistance but I might take 735 as I don't know if we can really get a push higher. We got our 9-11 rally lets see what we do tomorrow. I think if we gap up we can safely short it especially the banks and the RUSSELL if you trade futures.
We rocking here on the BLOG folks, the winners are racking up some huge percentage.
Thursday, September 11, 2008
S&P Lows
We are trading almost at the July lows in the S&P pre market this is bad really bad. Lets see what they want to do. Do we get a 9-11 bounce or do they flush us down the drain.
July lows were 1214
July lows were 1214
MER -What a JOKE
Yesterday I wrote about a floor trader saying MER can't go below $22.50. Well it is bidding $21.65 pre market :)
See you in the teens MER :):)
MARKETJEDI
See you in the teens MER :):)
MARKETJEDI
9-11
I strongly believe that if we dont get a rally today we are doomed to get a huge flush very soon. I would not be surprised to see us get that big down day I spoke about early summer of 700-1000 points.
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