tag:blogger.com,1999:blog-12333088.post5524897013664420981..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on December 15, 2010Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-12333088.post-74130862597657437052010-12-15T19:13:06.946-05:002010-12-15T19:13:06.946-05:00The 1246-1248 level was resistance on both Mon and...The 1246-1248 level was resistance on both Mon and Tues (we never quite touched those levels today) and various technical/sentiment readings are signaling an overbought tape (see below). All that said, stocks continue to have trouble seeing sustained weakness and dips are still viewed as buying opportunities. The most interesting action is occurring outside of equities, w/the dollar extending its gains and Treasuries continuing to weaken (the 10yr breaking up through the 3.5% level was seen as psychologically important).<br />Join carlrealtime ,can help you guys w/every mkt sentiments change.Carl's all times updates on mkt!<br />Few big traders have joined the service on others names for anonymity,a senior trader from one investment bank is also there..Navhttps://www.blogger.com/profile/06774693125142705115noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-51781243484527579242010-12-15T13:31:20.765-05:002010-12-15T13:31:20.765-05:00carl has said that there is significant resistance...carl has said that there is significant resistance at 1250, i would assume that the market will fail in front of that (today?) and you will see at least a 50 pt drop.curthttps://www.blogger.com/profile/09514551447305140010noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-38620171856674794142010-12-15T12:52:50.957-05:002010-12-15T12:52:50.957-05:00Pramoid question is a good one.
Like Carl mention...Pramoid question is a good one.<br /><br />Like Carl mentions support right now lies at 1225 and resistance at 1250. This is a statement of fact, anything else is speculation. Whether the market will break below support at 1225 before it breaks above resistance at 1250 is anybody's guess. <br /><br />I would say that the 50 point drop could either be from 1250 to 1200 or from 1275 to 1225. And this is anybody's guess.Billhttps://www.blogger.com/profile/15515218349376008994noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-70161468798796261332010-12-15T09:10:03.847-05:002010-12-15T09:10:03.847-05:00Dear Carl,
You have been mentioning a drop of 50-...Dear Carl,<br /><br />You have been mentioning a drop of 50-75 point as imminent. Are you expecting the drop from 1250?<br /><br />TIAPramodhttps://www.blogger.com/profile/01971394463999551964noreply@blogger.com