The Massachusetts Supreme Court ruled against the banks today on their foreclosure practices, which should halt foreclosures in that state and might invalidate many past foreclosures.
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In search of high R-multiples while keeping losses small.
EURO traders..............
ReplyDeleteI have price and time coming together now! Good trading!
Short term the Highs are in
ReplyDeleteSo I am clear in the EURO ........I am looking for a short term swing low today or tomorrow! Good trading!
ReplyDeleteIntraday 5 min CIT (Change in Trend) Times 1/07/11: 11.45, 12.35, 1.35, 2.45 pm Eastern
ReplyDeleteActual: 11.40, 1235L?
Raj,
ReplyDeleteLikely to go up Monday before a more serious correction?
Fred, Yes, we could still see one more lower high on Monday
ReplyDeleteRaj,
ReplyDeleteThis has a different look to early August, but I think you were looking for a cycle high around August 6, then it popped up 1 day before a big decline. I also think something similar happened in January of 2010, when it went down for a few day before reaching a high on Jan. 19 about equal to Jan. 11.
So that is why I was asking about a potential up day (that could be in the 1275 area) for the S&P on Monday. May not happen, but we may get a counter trend day on Monday to the last 2 days. Also, the S&P futures haven't had 3 down days in a row since September.