Looks like we should have bought at the close on Friday. Futures are roaring higher. So much for a 3rd day continuation: YMU07.CBT Mini Dow Jones Indus.-$5 Sep 07 13,315.00 8:08pm ET Up 31.00 (0.23%) Dow rebounds for now...
Not sure how Monday will trade. I'm quite satisfied with my short positions though! Stops drastically lowered to protect gains... come get 'em!
Yeah, you really can't go by overnight futures for the next trading day unless its a real significant move. I anticipate covering by the bell locking in short gains coupled with dip buying and a see-saw battle. I'll be very surprised with a 3rd day triple digit loss by eod. DOW might recover half its losses from last week by weeks end if this bull market wants to continue going...
+8, but keep in mind, the S&P futs fell 8.75 points after the bell on Friday between 4pm - 4:15pm, so really we're just fighting to trade back to Friday's cash close value..