Bloody hands trying to catch a falling knife and my long bias kept me from shorting early on That being said, if we open with a gap up tomorrow (+15 - +25 range let's say), what are the odds that the gap will be closed on the same day? I'd think it's a no-brainer to short it, but now that we've fallen so much, I don't want to get wedgie'd in a monstruous bear rally. Also, due to op ex, I don't see how they can just dump this much further. Maybe a mad drop for a madder rally?
Abolished? No way. Raising the fence around the TRADING playground, extremely likely. It's already happening in futures. The new improved rules, regs, and laws will begin when/if/as CME is approved for clearing OTC derivatives. JMHO Osorico [ Anyone have a grandfather in the futures business? ] EDIT: It took me a few minutes to find, but along these lines, here's a previous article with some examples of what rules/regs/laws will be coming our way. http://www.suntimes.com/business/roeder/1243213,curious-102608.article
Oil is really getting it's pecker up tonight, and lack of testy es bulls is a good thing, could be up the colon on shorts tomorrow, hope so.
Up a bear's ass to it's ears... Just trying to add some colorful metaphors. Will stick around till 2:00 am to see if overseas has an intervention convention going on, suspecting so.
The weekly is a good idea. I put my end of 2007 estimate for 2008 below yours. By February it will be another world.
... a guy was lamenting today on the radio: "a system in which 2 idiots' opinion counts more than 1 genius' opinion is doomed" ...
By your own admission, it's very possible then I share the ET's Idiot of the year with Jack. Thanks! Anyway, I'll see you when we reach 500. As I've written above, that target should be reached within the first 3 months of Obama's presidency. :eek:
... I've read only JH's post, and by no means I believe that he's an idiot ... I guess the quote applies to some aspects of ... democracy ... I hope you and Jack are wrong about the market, although I have no arguments ...
500 as in 500-515 or as in "anywhere in the 500 range" (like 575)? I don't deny the very possible number, just didn't expect (or bet) a rather direct drop. Guess Santa's not here this year?