GM Traders
Daily PP: 882
R1: 895.25
POC: 879.50
globex gaps: 893.75, 891.25
KO
koolblue
Rep: 48,651
Posts: 16,032
ON DEC 29, THE DAILY CHART, we had a high of 873.50 and a low of 853.25.. that projects 906.25. i think we still have an outstanding hourly proj to 901 and a recent 15 min somewhere around 902.75, so 901-906 seems a likely target.All of which totally surprises me, but thats the way holidays usually are! extremes in one direction or another ,quickly corrected after the 'boyz' all return!
AK
ak1
Rep: 858
Posts: 740
For all the new traders, develop a plan and practice it like a religion, come what may, the market spun me around yesterday but I had faith and by evening all was good. Market takes and gives back but on the same day only. Cheers to 2008!!!!!!!!!!!!!!
PR
prestwickdrive
Rep: 2,057
Posts: 1,098
VO - that bond move has been incredible. I thought of joining you by doing a TLT SS but I held off figuring I was trading against the Fed and they don't seem to have a budget they have to live with. The way I interpret it, they have basically said they want mortgage rates as low as 3% and I don't have the kind of staying power needed to outwait the time it will take for foreigners to stop buying US debt.