Shan B look at the opening range on spy on a 2 minute chart, opened down reversed and is trending higher, you should also be looking at the premarket.
I played the SPY off of the failed A-up...how often are you using small OR's like the 2-minute? How do you think we finish the day?? break lows and puke or stay in this range. No gap fill. Failed A-up...I think it could get ugly, but well see!
I use the 2 minute when the mkt is volatile I want to be wrong small when the mkt is this volatile, I have no idea where the mkt will close I am getting long some aapl here relatively small size.
here is a question for the prop guys, how can I quantify the MF global issue, who will benefit? Is there liquidation selling going on etc.
Not yet, planning on it tho. Any recommendations on brokers? We have a group of guys that rent out space in our office, I'm thinking about going with them.
That's a good idea dude. There are good things about prop but it's a double edged sword. In my opinion you can get most of what you need in futures.