Short Term Trading Member Forum

[Bangtime]

That fits well with what I'm seeing. This thing continues to feast on short covering so now I'm thinking the 870-880 tops for this leg having closely met my 850 target yesterday. Then perhaps retest 775-800 area. Ultimate top from my current analysis using many indicators would be the 920-950 area. By then 200ma could be in the area also as it currently sits at 1006 and now descending at a rate of ~2.5\day. This continues to follow the script somewhat from 2002 as yesterday was ~11/1,11/4 timeframe. Also the 1987,2004 TL and the 10/10/08(low), 2/9/09(hi)TL are converging at the 900 area to perhaps provide tough resistance. And then there is the January hi, and, and...... Of course 8:30 this morning will have something to say.