and out again at 9153 for +19. flat, looking for reload but since it is friday and already almost lunch i don't think i'll get one. no chance whatsoever at a short today.
no more trades for the day. friday afternoon is dangerzone to begin with, and this weakness over lunch is not an encouraging sign. hope everybody had a good week. today was a great way to start the new month!
preferred NoiseBox scenario is an EOD meltdown. that would almost certainly see carry-through monday AM presenting another relatively safe place to deploy long.
friday ended decently down, but it hardly qualified as a meltdown. historically it is a very good bet that 1% down fridays have followthru on mondays, at least intradays. interestingly, the followthru % drops considerably if looking at closing EOD monday. i suppose conclusions could be drawn from that. ;-) preferred scenario remains a down morning. every day last week started out with decent down in the first 30 minutes, with nothing else to go on may as well assume the recent trend will hold.