Discussion in 'Trading' started by blackbook, Oct 13, 2008.
gap up and selling into the rally or are we going to see a true up day here?
my forecast is.....try to close the gap and then up up and away....
the morgan stanley news should sustain todays rally. i do not see a sell off,perhaps initially but i go with where i think the close will be. i am pretty sure we close near the highs of the day.
Big pop in morning, Dow futures were up 4% last night.
1. Big pop in morning
2. Shorts cover mid day
3. Back down
I noticed strength in some of the market leaders like GOOG and AAPL on Friday even with the big morning drop. This was definitely a bullish sign. We should finish with a nice uptick... maybe 300 points.
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