Seeking Alpha
  • Eric Stalee
    FLS, LIFE, NI, LINE doing O.K.
    12/16/11
    Reply (6)
    • Eric Stalee: Annndddd....the market is still in the downward channel it developed with that mini-waterfall. We're likely about to break support.
      12/16/11
    • Native Texan: $SPX has spent nearly 1/4 of this morning in oversold territory, and so it remains as of now.
      12/16/11
    • nasalpancho: dont go chasing waterfalls
      12/16/11
    • Eric Stalee: Doesn't matter we just broke support in the futures. 1208/09 is about to be our new friend in SPX.
      12/16/11
    • Eric Stalee: Oversold RSI should however provide high probability for a bounce at that level.
      12/16/11
    • Eric Stalee: SmartADX is also saying this move down has significant momentum and strength. But this isn't the move down/crash everyone is waiting for.
      12/16/11