Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Tuesday, November 13, 2007
For the first time in a week the market has traded above a previous day's high. I think the low at 1437.25 which was reached late yesterday will hold and that this initial rally will carry up into the 1485-90 range. From there I would expect a break of about 25 points or so. I have canceled my orders and will be looking to be a buyer after this expected reaction develops.