Can't be the Bird flu. Hang Seng is up +33.260 delayed quotes show 14458.140 . Ah, probably some jerk on the street. If thats the case this is a good place to go long.
Israel bombing Gaza? Maybe... still no major news out. Anyone have a bloomy setup at home? http://today.reuters.com/news/newsA...52904_RTRUKOC_0_US-MIDEAST.xml&archived=False
ah, most probably the bird flu. We can expect China to make an announcement of massive quarantines. Should hit chinese related stocks hard and some commodities like Soy. Asians love gold as a hedge. Should spike up tomorrow.
WOW that was a quick --- "fade the midnight rally" play!!! i guess i will go and sleep now. --- again today the failure/rejection for the SPX to hold above 1201.00 {after a very brief period above 1201.00} was a good swing short opportunity as the SPX has failed that level several times now since we had broke down below it on the 5th.
You gotta love these pointless hindsight commenteries... lol Thanks for for the late night laugh.. --MIKE
Perhaps relates to this? GM subpoenaed in accounting probe Wed Oct 26, 8:40 PM ET DETROIT (Reuters) - General Motors Corp. (NYSE:GM - news) said on Wednesday it had been subpoenaed by the U.S. Securities and Exchange Commission as part of a probe into its accounting practices and other matters. http://news.yahoo.com/s/nm/20051027/bs_nm/autos_gm_subpoenas_dc
sorry pal --- i have been talking about 1201 on the SPX for a while now ------------- ************************************************************************** MacroEvent Registered: Jul 2005 Posts: 722 10-05-05 05:33 PM -------------------------------------------------------------------------------- Quote from MacroEvent: currently 1210.75 and still grinding down to 1208 ---- getting closer now and the storm has not even hit yet. -------------------------------------------------------------------------------- well finally got my 1208 today on the es ---- now 1201 on the SPX is the line in the sand. if 1201 on the cash breaks this week then ride it short and heavy like Seabiscuit. 1170 is looking like the next true support for the SPX is we break 1201 and october turns into a rough month. *************************************************************************** MacroEvent Registered: Jul 2005 Posts: 722 10-06-05 07:02 PM -------------------------------------------------------------------------------- Quote from MacroEvent: spx 1196.39 at the close --- tomorrow will have to fight back to hold 1201 quick or we will get more of the same liquidation. -------------------------------------------------------------------------------- shorting heavy at the spx touching the 1201 spx level today has worked out very well --- this became our exact area of top side resistance today after it was broken yesterday. the first test of a major resistance level in a very weak market is usually a very good short entry. **************************************************************************** too bad your immediate need for negativity brings about a real reason for a good laugh!