Buy today just before the close, or wait until Monday?

you might see some selling on the open, but I don't think people are that stupid..

 

4th of july rally baby!!

 

fuck.........

edit: position is already in the green.

 

ES trading up but SPX cash closing down...interesting.

 

amazing scalp opps in the last 15 minutes..

edit: some ES buying pressure.. to even out the books for some players.

 

I think your best bet was to buy before the close.

Would be buying QLD, DDM and SSO for an early bounce monday.

I dont think the sell off continues, Im bearish but think next week they will find excuses to buy the markets back up to 13500 without a problem. Bear Stearns came out and said they are putting up $3.2 billion, this news alone could push the dow up 100 points on monday.

 

When was the last time we went down in an FOMC week?

 

August Hearings

Levin's bill would apply to both publicly traded partnerships and private firms. The effective date for the change has yet to be determined. Rangel plans to hold hearings on the issue in August.



http://www.bloomberg.com/apps/news?pid=20601087&sid=aFU5AS3GFXjQ&refer=home

august timetable for the bigboys to bid it up and distribute. The rest of this month and first half of july is rally and redistribute period.

 

I'm afraid the market rebounds to the positive too next week(what else is new)?. There is nothing more I'd rather see than an end of the week June Swoon with the DOW below 13k.

Something really bad out of China Sunday night through next week would be sweet. Screw the Shanghai...like major chunks taken off the Hang Seng 97-98' Asian contagion style.

I'd like to believe that is the start of the perfect storm but I can dream.

 

I think anybody that made a decision to enter into and hold a position over this weekend is totally nuts.