It's a Game of

Fill the gap and run. It looks that this sudden rise in the index futures is to fill the gap and let the boys get out. i see the real stuff will follow very soon.

Since the Fed intervention we are having very liquid DECLINES! It could've crashed 4 times before, specifically Jan 27, Feb 3, Feb 28, Mar 17.

Since the Fed intervention we are having very liquid DECLINES!

It could've crashed 4 times before, specifically Jan 27, Feb 3, Feb 28, Mar 17.

With the earnings season ending and the fed cut ending the IT top is in, though people are still debating if an IT top is in. if it is we are still at the high of it.

With the earnings season ending and the fed cut ending the IT top is in, though people are still debating if an IT top is in. if it is we are still at the high of it.

You are reading my mind... (good work!)

With the earnings season ending and the fed cut ending the IT top is in, though people are still debating if an IT top is in. if it is we are still at the high of it.

You are reading my mind... (good work!)

great minds think........
just add er2 shorts and it will get synchronized lwith other indices later in the afternoon.

Edited by redfoliage2, 09 May 2008 - 11:24 AM.

Assuming there will be some hedging if the market continues to slide into the close, yesterday's OI for May on the equity and etfs according to the prices about 15 mins ago is not as bearish;

%-change calls puts
-5 2.34 6.88
-4 2.65 6.26
-3 3.00 5.71
-2 3.41 5.23 <<== breaking the TL should produce a better bounce, if it happens on Monday...
-1 3.87 4.85 <<== 1375 level could be a case for a bounce
0 4.40 4.53
1 4.99 4.26
2 5.65 4.05
3 6.38 3.87
4 7.19 3.72
5 8.05 3.59

Edited by arbman, 09 May 2008 - 01:11 PM.