Thursday, August 18, 2011
Wow
This gap down is straight out of October 2008. It isn't as bad as then, but these 30 point gap downs out of the blue tell you that we are not done testing 1100. I don't see that happening in August, but it should happen sometime in the next 2 months. Expecting weakness throughout the day, but it will be a buying opportunity if we go down to ES 1138-1140 zone.
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7 comments:
best daytrading market ever
We will do more than test 1100.
why bother guessing, just daytrade extremes.
Owl's view on close? or tomorrow... gap up and reversal tomorrow?
We're going higher from these levels. Gap up most likely.
Futures down again at the moment. As before right now with this kind of news backdrop and market action you have to wonder where the buyers are going to come from. Does not feel like a bottom here.
Sadly we've come to a world where only temporary salvation comes from a bald man in the fed
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