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Thursday, January 17, 2008

Just after market closed ES SP 500


Oh please President Bush, one more bowl of Financial Stimulus.

After Hours we will hit 56 to 58, big gap up on open.
If it closes, watch out for the bottom.   More bad earnings and down we go.  
Entering into a three day weekend, I can see us consolidating in the 56 to 58 and then down all  into next week.

Correction on the way 1272

Small chance of a rally.
Trade what you see, and always use stops.

Futures Trader

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