Was this a Bin Laden upgap?

Discussion in 'Trading' started by Pekelo, Sep 25, 2006.

  1. Pekelo

    Pekelo

    I remember when Saddam was captured on a Saturday night, the next Monday the Dow upgapped like 80 points just on feeling good, but since the news had no economic impact, it started to sell and ended the day like -100 points or so down. It was an intraday loss of 200 points...

    Today looks like that Monday, so far. The news of the possibility of Bin Laden's death came out on Saturday night. We had an upgap of 40-50 Dow points, going a bit higher, and since then we are selling off, already dropped 80 points in one hour...

    Let's see how deep we go...

    P.S.: History always repeats itself...
     
  2. fletch2

    fletch2

    Hell no. That report has no credibility in the first place.
     
  3. Superb bottom call.