Party Participating Traders ? B1S2's view on this would be very interesting as he mentioned he is looking for shorts now since the daily swing lows are broken.
But this is grandfather of all gaps... He will be filled, thats clear now. But if we will continue crash or glorify the bull killing Bill Cody.. Seriously, who has balls go long if we will rally from 1245/this is high of Friday for such gap it can be enough considered to be filled/
Obviously, there not happy with only the crumbs, if at all, thrown their way. Anyway, here's what I see developing.
Since hearing the news about the bailout, and that indices are up huge, my 1st thought is that I do not want to trade the US indices anymore. A "centralized planning" on index values that is updated everyday according to government official figures is not the same market we've traded for all these years.