Late Day Bounce?

I'm expecting an end of week rally into the close. not to sound to like a conspiracy theory-ist, but would expect fed/ppt/treasury/JPMorgan to come in and bully it up 5% The market really needs a little bit of good news.

 

yay markets only down 4% versus 7%

 

I'm betting that whatever move comes next will be huge and have been sitting in ES puts and NQ calls since the EOD Wednesday. Unfortunately the position is weighted more toward the NQ calls. Barring a concerted global loan guarantee program this weekend or some other radical intervention the next move is more likely to be down than up. If I had no position right now would stay out, too much risk to play the reward of any bounce.

 

XLF is trying to close higher today.

 

Google is a steal. EWZ also good rebound plays.


I wish I could buy but my account is busted and I have no money to add.

 

after 7 days off ass whoopin' I'd bet we stay down and go lower one more day....

 

Your account is bust and so are you. Talk about stating the obvious.

 

Intraday is the only way to play these bounces...I agree to not hold into the weekend if possible.

 

heard rumor g7 would say no big bank would be allowed to fail in my news service

 

Why am I not surprised by this end of week rally. Regular as clockwork