redbacka's simple moving average monday, page-90

Fellas -

I'm long at 1196. I'm off to Hongkers tomorrow to visit some people, got an invite to walk through the trading floor of a big kahuna bank. Shall share the gossip.

Meanwhile, I think 20 points overcooked it. Worse case it will fall another 10 before finishing right here. Best case it opens here and rallies past Friday's highs just to wipe all the bears out.

And higher still tomorrow until Europe opens and an almighty thump to 1195 again from 1240.