I think we were all aware of the strong support around 750, going back to 2002. But if the S&P falls through that, where does it stop??? I couldn't find another decent support line until I traced a line all the way back to May, 1932, and put the chart in Log Scale! The next line after that is 2-freakin-60 (260)! Tell me I'm missing something.
robert has been the biggest bear in history so i found very interesting that he is calling to close shorts. i'd let price action do the talkin now. ignore all and listen to price.
I think we were all aware of the strong support around 750, going back to 2002. But if the S&P falls through that, where does it stop???
ReplyDeleteI couldn't find another decent support line until I traced a line all the way back to May, 1932, and put the chart in Log Scale! The next line after that is 2-freakin-60 (260)! Tell me I'm missing something.
Time to close shorts according to Robert?
ReplyDeleterobert has been the biggest bear in history so i found very interesting that he is calling to close shorts. i'd let price action do the talkin now. ignore all and listen to price.
ReplyDeleteTushar,
ReplyDeleteYou don't really expect Robert to call it to the exact day do you? It's a generalization.
Nice to see you posting Stewie.
thanks salsa. picked up some FAZ yesterday and still holding it. let's see if C drops below $1....
ReplyDelete