Replies to Post #138596 onajtj99's Market Pulse

Replies to #138596 on ajtj99's Market Pulse

01/15/09 10:52 AM

(edit) Agree on the happening faster. I would have set up more shorts had I thought we'd fall this far this fast again. I was at least expecting a retest of the breakdown area from the rising wedge. We may still get a minor Obama bounce, but I would expect nothing more than a few days unless something changes on the FA front.

With respect to NYSE/SPX isn't the NYSE bigger? Shouldn't it superceed the SPX? (at least ST w/respect to a potential bounce). Agree w/HFTOM of markets over the IT, just not sure ST.

ZiggyMarley123

01/15/09 12:22 PM

#138607 RE: ajtj99 #138596

happening faster? retests usually average about 6 weeks after the low.

michael03332002

01/15/09 12:29 PM

#138609 RE: ajtj99 #138596

well here we are at 820 again, does it hold, do we fake thru and rebound only to crash thru later or does it head on down rest of today and early tomm to the 740ish level on the SPX for the dbl bottom buyers

dang I wish I knew, gg

M