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Globex 12-2-08


buying 814.50
STILL THINK LOWER PRICES ARE IN STORE , BUT HOPING IM NOT TOO LATE TO CATCH A SMALL BOUNCE FIRST!
There is a 15min. RTH open gap @ 801.50/808 from 11/21-11/24; going to 805
put us in its middle FWIW
LOWERING MY BUY ORDER TO 814.25
Interesting, REDSIX! Thx. I believe 805.50 is 'in the bag' and my buy attempt here may be a foolish play, however im going to keep it for now.
what a day - Not even a bounce total slide from opening bell.
CLOSING TICKS? (AND AN OVERBOUGHT SITUATION IN A BEAR MARKET!)Remember my post of a few weeks ago on bear markets? Icommented on how most recenly there are usually at least 3 good rallies in them before they end . weve had 2 so far ,27% and about 22
% i think. Frankly due to a historic oversold nature of this market, i would have expected a 30% rally for sure!
think we will get a bounce tomorrow? Kool
check out the "week of 10-06-08 market update"(youll have to go to page 2 to get it) bout half way down the page i talk about the studies on rallies in a bear market,on thread dated 10-18-08
nice read Sir!