Tuesday, August 17, 2010

Quick update

The market rallied to 1095.50 with no reaction. This is very bullish activity. A close above 1090 will convince me that the ES is headed for 1140.


cc02 said...

Thanks for the quick update.

Nav said...

From the semis (the SOX is down ~6%+ in the month of Aug), people will be focused on ADI Tues night (given the weakness seen from PCs and comm., ADI’s industrial end markets will be watched closely.
My conviction of 1070 as the bottom,
all learnt from spending hours on these blogs..Happy they are working for us.
Thank you for saving our shorts which we covered well on time w/agressive buying tone.
Live long and happy for us!