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Huge gap down, so likely the gap won't be filled.
The Global ES looks like a Pennant, so it may continue down sometime later. The panic low around 1390ish normally would be revisited if I remember correctly, not saying today, sometimes later of course.
The good news is, the world seems fine, guess not end today?
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cheese wrote:How does the open look like on such days like today? Everyone runs for life?
Usually sharp rebound upon open, then anyone's guess.
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the open. it's a little too stretched, so might see a rebound first.
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oy
so much for my “dome target met, plus lower low = toast, plus new dome target... main trend still down until proven otherwise”
that i prepared last night, while eating bon bons………..all yesterday's charts useless now
oy
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Did anyone see what might have happened? The futures got slammed after hours. News that Harry Ried rejected Boehner's plan B (which is actually Nancy Pelosi's plan) occurred yesterday before the huge run-up in SPY.