Monday, September 15, 2008
E-mini Update
The e-minis just retraced more that 50% of the drop from Friday's high at 1259.50 to today's early morning low at 1203.25. The volume still appears to be increasing on the rallies so I am now thinking that the 1203.25 low will hold and that the market should head upward for at least a few days. If I am right in this diagnosis then the 1220-22 zone should be support for the rest of the day.
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1 comment:
the market seems to be pushing higher here ... Maybe expecting a rate cut tomorrow?
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