Sept 17th Rally

Discussion in 'Trading' started by Brandonf, Sep 17, 2008.

  1. Brandonf

    Brandonf ET Sponsor

    I've been very suprised to see the market down so little on the AIG news. I would have expected another 500 points, but the market seems more relieved to have it out of the way than it does scared that another one bit the dust. My sense here is that if the market can take out the high that it establishes in the first 15/45 minutes of the day there could be a good rally in place, although I would not be comfortable saying its "the bottom", just rather that its "a bottom".
  2. cszulc


    Not worried because they're not going bankrupt and will receive the funding they need from the FED. Won't cause market disruptions.
  3. Brandonf

    Brandonf ET Sponsor

    so much for that smart idea, on the plus side it never setup.