Nice one point profit by the way, and meant to say yesterday, freakin' awesome call on the 96 bottom...
I know Satchel was long yesterday and Lawrence was talking about the xmas rally for sometime. But anyone else here who was thinking long after seeing market yesterday? If yes, what was the rationale/thinking behind it. To me it seemed like we were going to get below 1190, and here we have this massive rally from1196.5 to 1236.35 - without any news !!! If the market had this much strength and it had to go this higher, why the hell was it selling like crazy for last 2-3 days. Did anyone see this rally coming ? Also reasons please if you say you saw this rally coming.
trend days usually extend into the close,unless we get a news article,which is pretty common in the last several weeks,,uvol/dvol 35/1
No news? Yields on Spanish bonds more than halved in today's auction, and the ECB LTRO commences tomorrow.
wtg - on days like this, do you consider trailing? (thinking of the margin shorts bar that could be coming).
Same to you! It's hectic around the homestead due to the holidays, so I'm devoting more energy to the essentials in the morning. I'm usually lurking though no matter what