Posted by: tyrannyoflogic December 7, 2011
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Back to markets,
@Obama
We had a decent pullback in the AM today ..abt 90 points but it jst got bought too darn quick
SPX has tapped 1265 resistance 3 days in a row now and the range is really getting tight
Dow jones is cranking gains everyday
consolidation for a move up??
it all depends on what comes out of the EU summit friday but we might break 1265 on jst optimism
about it alone...and the summit people know how much is riding on the outcome of the summit ...if something bad comes out it will be catastrophic as per the headlines everywhere
but m kinda shifting towards bullishness till Friday (JUDGEMENT DAY )
jst critically thinking out loud here
what says yall?
@Obama
We had a decent pullback in the AM today ..abt 90 points but it jst got bought too darn quick
SPX has tapped 1265 resistance 3 days in a row now and the range is really getting tight
Dow jones is cranking gains everyday
consolidation for a move up??
it all depends on what comes out of the EU summit friday but we might break 1265 on jst optimism
about it alone...and the summit people know how much is riding on the outcome of the summit ...if something bad comes out it will be catastrophic as per the headlines everywhere
but m kinda shifting towards bullishness till Friday (JUDGEMENT DAY )
jst critically thinking out loud here
what says yall?