Reversal day today 2/19/04?

A higher opening may find the indices at highs and resistance levels. Good chance for a reversal to the downside today.

Thoughts?

 

Gee Grand Master,

You got it all figured out already so...what's left to say?

Place your bets!

 

I was thinking we might get the morning dumperoo and then off to the races.

 

Don't place any bets unless you know what you're doing, otherwise you're just gambling.

 

Good idea to exit ovrnight holds to clean the slate. Take the 7 points/contract on ES and wiat until market synch before reentering.

 

Yes, yes! Today's reversal was just as I anticipated!

 

Jimmy Stock,

I thought riskarb scared you away???

There was hardly anybody to make fun of while you were gone.

Welcome back!

ppp

 

Wow~!
That's the quickest BUST ever on ET.

 

Good call, Grand Master B!

 

Lots of good earnings, a nice gap up. It should have been obvious. Kind of reminds me of my ex.