Sucker's rally here

Discussion in 'Trading' started by detective, Aug 17, 2007.

  1. Futures/Extended Trading(Roll over for charts)
    Last Chg Settle
    DJ Industrials 13314 -29 13343
    S&P 500 1472.20 -4.40 1476.60


    180 reversal overnight. Yes, I didn't sleep tonight...
     
    #41     Sep 6, 2007
  2. 180 ES points??? Oh wait.. 180 degrees.. from +4 points to -4 points. Terrible reversal!
     
    #42     Sep 6, 2007
  3. Sorry, meant degrees.

    Damn it, ECB didn't raise. Japan should be raising later this month.
     
    #43     Sep 6, 2007
  4. Hey I thought it was the bulls that were desperate for central bank action! :)

    BOJ will probably be on hold for some more time, a hike would be a huge (negative for the markets and positive for JPY) surprise.
     
    #44     Sep 6, 2007
  5. Yeah, both ECB and Japan were gonna hike in August but that would have just pushed everything lower. Then the FED stepped in on the US and we know the story....

    I think they both hike after the .25 cut here in US(which is baked in) in Oct.
     
    #45     Sep 6, 2007
  6. Sucker's rally.. just stay short! Don't ever cover.
     
    #46     Sep 18, 2007
  7. Makloda,

    We get it. The longs win the day. There's no need to revive every single old thread you can find.
     
    #47     Sep 18, 2007
  8. So what, I hope everyone closed their positions and took in their profits. now this was very easy but the best thing to do now is observe and see how the markets digest this over the next few days.
     
    #48     Sep 18, 2007
  9. S2007S

    S2007S

    Sold one of my longs today, waiting for a drop below 13500 to get back in with some new longs, until then this market is just to crazy.
     
    #49     Sep 18, 2007
  10. OMG, exactly what I was thinking.
     
    #50     Sep 18, 2007