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ES and the Great POMO Rally


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ES and the Great POMO Rally

  #621 (permalink)
Rainmaker
Wall Street
 
Posts: 13 since Jul 2011
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The next major target should be 1183 and 1164 with resistance at 1210 then 1216. The overnight trading has already traded off the 1083 level.

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  #622 (permalink)
Rainmaker
Wall Street
 
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This down move look familiar? This sell off was expected. Guest Post: Where Are The Markets Headed Next? | ZeroHedge

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  #623 (permalink)
 jonc 
australia
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ok, i'm long. let see how its goes

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  #624 (permalink)
 
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 tigertrader 
Philly, Pa
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jonc View Post
ok, i'm long. let see how its goes


Sweeeeeeet! But, from my perspective , I wish it would have broke on the number trapping some more shorts, and then rallied . Good luck on the position!

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  #625 (permalink)
 
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 tigertrader 
Philly, Pa
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Buying pullbacks for now, keeping in mind that the intermediate trend is still down.

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Click image for larger version Name: ES 09-11 (15 Min) 8_5_2011.jpg Views: 231 Size: 58.3 KB ID: 45672   Click image for larger version Name: ES 09-11 (2 Tick PointAndFigure) 8_5_2011.jpg Views: 209 Size: 77.7 KB ID: 45673   Click image for larger version Name: ES 09-11 (4 Tick PointAndFigure) 8_5_2011.jpg Views: 218 Size: 55.0 KB ID: 45674  
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  #626 (permalink)
 
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 Lornz 
Oslo, Norway
 
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tigertrader View Post
Buying pullbacks for now, keeping in mind that the intermediate trend is still down.

Don't you fear a lot want to dump inventory before the weekend?

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  #627 (permalink)
 
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 Private Banker 
La Jolla, CA
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tigertrader View Post
Buying pullbacks for now, keeping in mind that the intermediate trend is still down.

Ouch!

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  #628 (permalink)
 
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 tigertrader 
Philly, Pa
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Private Banker View Post
Ouch!

Yeah, that little sell-off had me talking to myself!!! I fully expect it to test 1150 though.

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  #629 (permalink)
Rainmaker
Wall Street
 
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I don't see 1150, but it could.

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  #630 (permalink)
Rainmaker
Wall Street
 
Posts: 13 since Jul 2011
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I don't see 1150, but it could, can't tell for sure.

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