while you guys were sleeping, we went from 20 in the red to up 11 now. 30+ point swing in the ON session,the 6th or 7th big swing we've had ON recently I think I will focus on the night session until further notice, and leave the daytime stuff to amateurs
Sure enough, by this morning we are modestly in the green (+9)*, gap closed. Strike one more for the rule. OK, I see your problem.Since the ES moves continuously, when it moved into the red, I assumed had it stayed there, it would create a gap for the SPX.So strictly speaking it is not a gap, but you see my point. When we were around 890 pretty much right after the close or below we were -13 or so in the red, that is a downgap short of. That was a no brainer long, according to the 2nd gap rule. *Funny, but nowadays 9 points is a modest move...
5 stages of grief... http://en.wikipedia.org/wiki/Five_Stages_of_Grief ..these stages are very market appropriate. The stages are: Denial: Example - "I feel fine."; "This can't be happening."'Not to me!" Anger: Example - "Why me? It's not fair!" "NO! NO! How can you accept this!" Bargaining: Example - "Just let me live to see my children graduate."; "I'll do anything, can't you stretch it out? A few more years." Depression: Example - "I'm so sad, why bother with anything?"; "I'm going to die . . . What's the point?" Acceptance: Example - "It's going to be OK."; "I can't fight it, I may as well prepare for it." ...what stage do you think we are at, and which stage is the longest...
Spec, Your post on 5 stages of grief reminded me of an episode of Simpsons that Homer ate some Fugu (blowfish) and thought that he's dying
For a minute there I thought Spec was Hershey. The 5 stages of grief reminded me of something Jack Hershey would say.