Hey Romeo. Where's dbphoenix chirping that calling the high of the day to the minute is just guessing. LOL.
Looking for a panic selloff either today or Monday. GE has manager's spooked. Very dangerous buying a dip here in ES mid 30's.
Pabst, maybe a selloff would more possibly occur starting on tuesday. Looks like very slow trading right now (12:15 et), and with the bond market closed on monday, there may be more slow trading then. But I think I see a top, and by golly it looks to be 1048.3 on the S&P. Now everyone re-read the FIRST post of this thread. Didn't someone guess the maximum high to be "1050 or thereabouts" !! You know you're guessing right when dbphoenix stays under his rock.
exact question "we had a fantastic rally to 9768, and that was it. What happened??" Pabst, riding the luck of the Cubbies, called that the top, that's what happened!!
Ironically Romeo, I recall Columbus Day, 1983 when Rich Dennis sold 5000 Bond futures into a quiet pit on a day the cash market was closed. On Tuesday the WSJ wrote very derisively that yields rose on large selling by a Chicago commodities trader and that the bond market would probably bounce back that day. Alas bonds broke several points over the next week or so.