this today 2/21 on Holiday=tomorrow 2/22=HUGE market moves=must note

Discussion in 'Trading' started by increasenow, Feb 21, 2011.

  1. S2007S

    S2007S

    No need to worry about the futures or the markets, everyone is hyping this drop for more than it really is, tomorrow there will be a gap down and most likely a climb, however I do think the markets close down on the day, open negative on Wednesday and by the end of the week erase every loss from tomorrows close down...This is just going to be another buying opportunity according to every bull on cnbc tomorrow and before you know it the spx will be back above 1350 with no worries.

    As for oil its going to be a great short within the next 24-72 hours in my opinion, I think it can easily be shorted back to $88 by the end of the week. Ill be watching SCO drop and look to pick some of that up after oil starts to sell off. Higher oil prices cannot be sustained in this economy.


    S&P FUT
    1328.60 -13.80 -1.03%
    DOW FUT
    12292.00 -83.00 -0.67%
    NAS FUT
    2367.50 -27.50 -1.15%
    OIL
    91.42 5.22 +6.06%
     
    #11     Feb 21, 2011