hmm i don't understand why would someone be willing to buy at current price levels buy @ 3590 or above wpp (3663) seem much safer

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thought so. thanks Dr

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why the slow day? is it because Bernanke is due to speak later?

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I was afk and now i see 3507 was defended. Screw you Trichet!

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Ok, it's closer to tossing a coin. Anyway, think what you want. I never make trade calls based on subjectivity. That includes my own subjectivity. What direction I think the market is going is irrelevant.

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haha the market doesn't take bribes from us. We're very small fish.

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99,9999999999999999999% sure. Heck, I'm even expecting 1.4 before that. My ability to forecast market direction is close to 0% though lol

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lol that would make VERY happy too, but i doubt we'll be seeing it today (I always close everything by the end of the day).

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I'd be happier with 3425 , but it's up to the market to decide.

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I have S3 nearby @ 3425. If today plays out as an average range sell day, the odds that we'll see it are usually ~15%. Probably less if we take into consideration ws1 and mpp must be taken out in order to get there.

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Nope, not necessarily. I have it as predictive S1 for today.

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I have 3495 area as a 2nd possible reversal area.

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3537 is the current support level. Now, will it hold? That's the million dollar question.

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Good week start. TP hit +80

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Simple, I took the statistics from a large sample of daily sessions.

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The number I've provided does not take fundamentals into consideration. It assumes all things being equal.

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lol Phanti. It means there's roughly ~70% probability we go below Friday's low.

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Notice dpp is above friday's close.

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I'm estimating about 70% probability we go below Friday's low.

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You find the parallel interesting, I find it trivial. Most market participants are losers, remember. So there is definitely a market for that kind of books to thrive. Heck, most of the authors aren't even psychologists. They'll write whatever is ...

Self-help mentality