Not much of a target, consider that we are only app 1% away from the 200MA, a humble gap open on Monday could tag it.

If the SPX does not go to the 200MA, then the 200MA will go to the SPX... it is real close now. Perharps early next week.

Fine wedge John, Mine says BO at 910 so it could retest horizontal res. In the 15 min ch. the 55 Stoch is starting to roll over.

A breach of 904 would be significant for the day.

Yup they want to know where Uranium is headed.

They are covering their dollar positions converting them into commodities. Also been buying copper.

AH, reported horrid numbers but they turned out to be  better than expected...After that I must respect the uptick in the mkt, expectations are so low that there is not much to do on the short side.

Long time ago Peter Sellers played a rolle in "The Party"... This market reminds of the part where he plays that horn to death. 

We are all waiting for that last 30 minute move ?

It is a posibility that the mkt could stay in range in an effort to flatten out the 200 MA wich is stil a bit to steep

I may add that the only problem is that currencies as oposed to stock can be diluted with out notice and you will have to deal with the problem on the spot or watch the mkt change winds and go against your positions

Any news on who where the buyers ?

If I where to buy into that thesis I would look for a correlation between the 10 Year yield and the value of the dollar for direction of the stock market

http://stockcharts.com/h-sc/ui?s=MU&p=D&yr=0&mn=6&dy=0&id=p27562623414&a=169251091&listNum=-1

Short

A chanel has been formed in the 15 min chart

http://stockcharts.com/h-sc/ui?s=$SPX&p=15&yr=0&mn=1&dy=0&id=p27192026841&a=169148442

Like transfering funds from your left pocket to your right pocket and yet feel like you made money, jaaaaaaaaaaaa ja ja ja.

http://stockcharts.com/h-sc/ui?s=$SPX&p=15&yr=0&mn=0&dy=5&id=p35795800161&a=169148442&listNum=11

Triangle in the 5 min chart shows this posibility

http://stockcharts.com/h-sc/ui?s=$SPX&p=15&yr=0&mn=0&dy=5&id=p16476777814&a=169148442&listNum=11

Thanks Ravun I thought I had lost that chart in the exhausted cachet of the afternoon.