Weekly forecast for S&P 500 cash 2011

[wackypete2]

NYSE composite index @ 11:25 New York time today.

 

[isatrader]

:drunkat have you been on the Ouzo to celebrate the new Greek government :drunk:

 

[wackypete2]

I'm calling a foul! Pat gets a yellow card for the infraction.

Peter

 

[wackypete2]

:drunkat have you been on the Ouzo to celebrate the new Greek government :drunk:

Peter

 

[robster970]

NYSE is open today.

Peter

Pat !!!!

 

[robster970]

should at least get a point for the video up load Robster!

Frank Butcher was great.....

 

[Gaffs1964]

Only with Pat behind him!

 

[robster970]

Only with Pat behind him!

Do you remember the naked with the revolving bow-tie scene? Classic.

 

[isatrader]

Pullback beginning. The shorts might still get it.

 

[Gaffs1964]

Yay - go the shorts - I'll be wearing my spinning bow tie!

 

[robster970]

It's lunchtime - this is the lull in a classic trend day initiated with an Open-Drive - there is no obvious Point of Control right now and it's in an LVN.

77+ I reckon.

 

[Atilla]

Yay - go the shorts - I'll be wearing my spinning bow tie!

I'll put my one with flashing LED lights on too...

 

[robster970]

I'll put my one with flashing LED lights on too...

Are you in the buff too like Frank was?

 

[isatrader]

It's lunchtime - this is the lull in a classic trend day initiated with an Open-Drive - there is no obvious Point of Control right now and it's in an LVN.

77+ I reckon.

I like the optimism, especially as I'd win if that happens. But personally I'm thinking a pullback towards R2 level, but not reaching it. So 1258 ish and then higher again into the end of the day with any luck. But we don't get many +2% days do we, except a few recently and there's the 200 day MA at 1272.28 to contend with.

 

[robster970]

I like the optimism, especially as I'd win if that happens. But personally I'm thinking a pullback towards R2 level, but not reaching it. So 1258 ish and then higher again into the end of the day with any luck. But we don't get many +2% days do we, except a few recently and there's the 200 day MA at 1272.28 to contend with.

There isn't much liquidity at any of those levels - nearest place for a decent bounce is around 48-52 on the cash index. There's only been about 1m contracts traded today - these are late arrivers getting on a trend, driving prices higher on thin liquidity. They've had their swing low candle formation on the daily confirmed whilst everybody else got positioned yesterday or if you're really smart, the day before when everybody thought Europe was going to explode.

 

[Pat494]

Seeing as how it's Veterans Day today - I will be getting in a bit of rifle drill practice

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It's like swimming you know, never forget .............oh well

 

[isatrader]

There isn't much liquidity at any of those levels - nearest place for a decent bounce is around 48-52 on the cash index. There's only been about 1m contracts traded today - these are late arrivers getting on a trend, driving prices higher on thin liquidity. They've had their swing low candle formation on the daily confirmed whilst everybody else got positioned yesterday or if you're really smart, the day before when everybody thought Europe was going to explode.

:smart:

 

[robster970]

:smart:

It's amazing to think that almost 3 years ago, I turned up here not knowing jack about any of this and now I'm coming up with stuff like this.

That's down to talking to you lot and doing a bit of thinking. I enjoy your company and banter and long may it live.

 

[Pat494]

Some years ago now I remember we was all on parade and a famous General came to do the inspection.
Well as we presented arms the General gave a smart salute. Someone must have tampered with 'is braces 'cos his trousers fell down !
Even with 800 men on the parade ground you could have heard a pin drop. Not 1 laugh or snigger.
We wus well trained in them days Mr. Mainwaring.

 

[Atilla]

There isn't much liquidity at any of those levels - nearest place for a decent bounce is around 48-52 on the cash index. There's only been about 1m contracts traded today - these are late arrivers getting on a trend, driving prices higher on thin liquidity. They've had their swing low candle formation on the daily confirmed whilst everybody else got positioned yesterday or if you're really smart, the day before when everybody thought Europe was going to explode.

With all the uncertainty and weekend media at work - best step forward is to take what you can off the table whilst one is ahead and get out.

Anyone who stays in over weekend likely to be people with inside knowldedge in the know.

I'd expect a big sell-off in the next couple of hours...