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gloe

08/17/07 9:15 AM

#43674 RE: cruzship #43673

Bennie has absolutely no credibility now, if he ever had. Just yesterday, Fed Head Poole went to great lengths to state that there would be NO emergency rate cut, that the economy was strong, blah blah blah.

Blatant manipulation on the morning of options expiration. They just had to bail out the put sellers (big investment banks).
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gloe

08/17/07 9:21 AM

#43676 RE: cruzship #43673

Gloe gap Day on ER. Not on NQ. NQ still below the daily 8 ema, which it tagged pre-market and then backed off. (That's the 50 ema on the 60 min chart.) Watch to see if the NQ can get above its pre-market high of 1913.

ER has the 200 day as resistance just above.Tagged it pre-market as well. That's IWM 80.

Buy support, sell resistance.