Quote:
Originally Posted by Jeff '79
S&P 2390-2391 Intraday has been hit 3 times now.
The S&P has closed at or above 2385 threes times now, (assuming it closes above that today).
ay, it will then become the new support.
I'm holdin' my cards tight and waiting this thing out.
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Just playing with the math, I see 2490 as a potential stopping point, but my 2700 isn't completely out of the question.
Traders are fairly bearish on the Nasdaq though. Commercials are short almost 2:1, vs. small traders who are long by almost the same ratio. Guess who I think is right?