you're going to the bank on the results of a "poll" of 29 votes?? lol yes please oh please trade off it pretty please and do some serous size when you do.
The market is stupid, so why try to second-guess the market?? Remember the market is always right, so stupid is always right.
Whatever the rally, the question is what happens next. I believe that it will present a healthy entry for a short position. In the meantime, shorting "good war news" has been a better proposition than buying "bad war news." At least this weak.
april saddam futures still going up and SP/ES up about 15 points already since yesterday's day session close. Let's see if there are any retracements during the first 2 hours today or an extreme reaction to the 10am economic #, that would negate a bullish trend (use your TA to confirm/negate trend). otherwise just keep watching the news. Contract B Qty Bid Ask A Qty Last Vol Chge IRAQ.SADDAM.APR03 10 66 67 112 67 35.9k +5 IRAQ.SADDAM.MAY03 40 85 88 28 85 13.2k +2 IRAQ.SADDAM.JUNE03 15 87 91 10 91 26.3k +3 IRAQ.SADDAM.JULY03 99 90 94 1 90 100 -1 IRAQ.SADDAM.MAR03 Expired at 0 74.8k -60
saddam april futures stabilized at around 66/68 bid/ask. index futures trading in a range now. take profits and wait for more bull (or bearish) signals to reenter, or, hold and bet that the range is going to be broken on the upside (possible). I myself am taking my "silly" overnight profits.
The Pentagon is announcing no more updates until the attack... looks like no movement of substance until then in index futures and saddam futures. My TA still projects a range. It could be broken within the next 15-20 minutes. It is very unusual a range is respected until the close, but I don't second guess my TA.
Market closed. The range was broken at the last minute. Will be watching the news AH. The main concern now is whether or not Saddam will use chemical weapons.