what a reversal!

Discussion in 'Trading' started by empee, Jan 3, 2007.

  1. empee


    wow, I haven't seen a reversal like this on no news in a long long time (well, basically since we've been low vol environment). What up?
  2. MattF


    FOMC Minutes...
  3. empee


    doh there was news :)
  4. You know the fundamentals are weak when some blabber from the fed wipes out 100+ points in 5 minutes.
  5. empee


    who let the bears out??

    Yawn.. there will be a bounce to this, the question is does the bounce take us higher or do we top (at least short-term).
  6. This is like the 1st trading day of 2000 - well not as dramatic, but a complete reversal to red from a triple digit gain on the DOW.
  7. I stepped away from the trading desk to get some coffee and now all hell is breaking loose.
  8. empee


    wow, amazing, when was last time you saw 1.50+ movement on QQQQs in =1= day!!
  9. The Fed reminds me of that scene in Chinatown where Faye Dunaway gets slapped around:

    She's my mother... sister... mother... sister
  10. empee


    if we close at the low I will buy at the open for a swing long some NQs
    #10     Jan 3, 2007