Monday, October 29, 2007

S&P Update

It looks like the e-minis will close above 1544 and as I have said this is good evidence that the 1492 low is going to hold. Today the market traded in a very narrow range at the top of a strong rally. I think this is a minor sign of weakness and means that we shall see a break down into the 1520-30 range before another up leg can start.


Anonymous said...

Thank you Carl.

Anonymous said...

Are we to assume, unless said differently, that your price targets are for the E-mini? TIA