Gap up above Friday's range so chances are the gap won't be filled, I'm not sure because now ES is testing the previous high, since anytime the retest happens, there's a chances for reversal so we need wait and see.
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the open and I think there should be a pullback of some kind, don't think it'll shoot up from here.
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again, I'd be very surprised if the market could up huge here without taking a breath, that'd be like no gravity at all. we'll see.
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Cobra wrote:again, I'd be very surprised if the market could up huge here without taking a breath, that'd be like no gravity at all. we'll see.
GM, the message is DT selling here right? I still hold under water short etfs, so long <120ish bears still got a chance to get out with less pain will see the day is young.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Resistance at 1195. I'd love to see a crazy intraday pop up to 1212 (some kind of bull-trap) and to short that, but some guys are already selling at 1195. You Cobra? Or is it Mr. Bear himself, the 99er?
Nasdaq gapped open and closed the gap down to 2,488 and created a gap up to 2,486. Maybe this one does not get closed since the range is so tight. rocstocktrader.webs.com
Last edited by rocstocktrader on Mon Aug 29, 2011 9:59 am, edited 1 time in total.
BullBear52x wrote:bears last stand, a penny away from screaming buy.
Don't think 1212 can be cracked...
DBV is strong, lot of cash since ECB intervention and now I heard BOJ is also involve in helping hand, China is not happy about this any more. currencies war is on. I hope you're right on 1212 resistance since I am on the sell side (shaky bear )
My comments are for entertainment/educational purpose only. NOT a trade advice.
consolidation instead of a pullback is good, more likely to breakout eventually, let's see.
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