Surly 

Too much downside risk to be buying IMO. of course, anything can happen but there is 92.00 down there that could easily get tested as it was after the close yesterday and overnight.

I like the 92 zone as well. I'm more bullish than you, looking for a reversal today 95+ soon

Scalped back 13. Done until PM

Was offering .72 - missed me there. Now waiting but looking to sell if I can get a trade on w/in my risk tolerance.

Brutus 

I like the 92 zone as well. I'm more bullish than you, looking for a reversal today 95+ soon

Yes you are! I think we're headed to 90 within a week and possibly 86 but that might take a couple-few weeks.

Had to scratch that runner on the long and took the short from yesterday's low (F period). Bernanke is talking this market down.

GaryD 

Waiting for the dust to settle and see if this is a C leg or the real deal.

Prior fib was a guess before the final push. changed a few cents

greenr 

Attachment 104025

You're not helping me any


The sound of his voice is enough to make me get nervous...

Ha! I think what Bernanke's saying is completely correct given that he can only work with monetary policy. The news stories are mistakenly calling his actions a Fed "stimulus" - stimulus is the wrong word because its a fiscal policy term, not a monetary policy term. His admonitions to congress about fiscal spending cuts are right on.

btw, I'm short again from .40 with a relatively tight stop. I still think if we can't get above the open here we're hitting 92.