Another Gap-up - I don't know how high it will go but I know where the low is

csw2002

We are looking at another massive gap-up with S&P future currently at 1188. I don't know how higher ES can get to (my guess is 1192 today). However, I do think that low wouldn't be much below ES 1175, that being the 20 day EMA. 20 day EMA has served as support through out the rally since 1st of Sept (Oct 4th, Oct 19th and yesterday being notable examples, with Dow futures having a lot more examples of 20 day EMA acting as strong support).

If on any day, we close below 20 day EMA, then I'd expect the much aniticpated corrections to start. Until that time, bears better bide their time. Until that time, either sell a strong gap-up and fade for a gap close or at best, target the 20 day EMA.

student009

chickencoop

slowstep

jeff110

谢！

Summerrose

rosyrosy

Diver

We are looking at another massive gap-up with S&P future currently at 1188. I don't know how higher  ...
csw2002 发表于 2010-11-2 06:45

yanjun

trade28

thx