Posted by windyjazz on 30th of Sep 2011 at 03:32 pm
Thats the one I'm watching...the bulls are not going to want an
EOD print below 11K. If the PPT is not sent in to stick save that
Monday may well dump.
Around 3:40 EST is when you normally will see a buying attempt
as this is the time slot when shorts will cover (and maybe some
longs will dip their toes). However, in a strong downtrend, it's
usually just some short covering.
DOW 11K
Posted by windyjazz on 30th of Sep 2011 at 03:32 pm
Thats the one I'm watching...the bulls are not going to want an EOD print below 11K. If the PPT is not sent in to stick save that Monday may well dump.
Do you tell fortunes as
Posted by 24kau on 30th of Sep 2011 at 03:43 pm
Do you tell fortunes as well?
Around 3:40 EST is when
Posted by steve on 30th of Sep 2011 at 03:46 pm
Around 3:40 EST is when you normally will see a buying attempt as this is the time slot when shorts will cover (and maybe some longs will dip their toes). However, in a strong downtrend, it's usually just some short covering.
From all the posts here
Posted by xxnileshxx on 30th of Sep 2011 at 03:47 pm
From all the posts here it seems like everyone and there ... is short.
bearish just until the massive rally
Posted by perthx on 30th of Sep 2011 at 03:51 pm
that will follow if we can get to a new low below SPX 1100 and then it will be buy buy buy into early January
The only thing that makes me feel better
Posted by windyjazz on 30th of Sep 2011 at 03:54 pm
Is that this EOD will not look good in Asia or Europe on Monday.
Isn't the SSEC closed all
Posted by philosoraptor on 30th of Sep 2011 at 04:00 pm
Isn't the SSEC closed all next week for Golden Week? Not a good time for nervous Chinese longs!
Golden Week is usually in Jan/Feb
Posted by perthx on 30th of Sep 2011 at 04:02 pm
perhaps you are thinking of some other holiday period?
What's in a name? It would
Posted by philosoraptor on 30th of Sep 2011 at 04:06 pm
What's in a name? It would appear to be closed all next week anyway:
http://www.sse.com.cn/sseportal/en/home/home.shtml
Gotta tell ya
Posted by windyjazz on 30th of Sep 2011 at 03:50 pm
These shorts feel very heavy on my shoulders...this market is totally manic depressive.