Fade the FED days close
Started by
saltlake
, Oct 29 2008 04:32 PM
5 replies to this topic
#1
saltlake
-
- Traders-Talk User
- 1,599 posts
Member
Posted 29 October 2008 - 04:32 PM
This is as easy as it gets. This rally has legs and will close over 1000 on friday. Locked and ready baby
#2
CHAx
-
- Traders-Talk User
- 1,624 posts
Member
Posted 29 October 2008 - 05:37 PM
I'm worried the GDP report leaked and its ugly. 400 points in 8 minutes on the DOW has me concerned.
#3
HoseB
-
- Traders-Talk User
- 1,061 posts
Member
Posted 29 October 2008 - 05:39 PM
I'm worried the GDP report leaked and its ugly. 400 points in 8 minutes on the DOW has me concerned.
You should already be sensitized... we had 1019 points in 40 minutes on the 10th.... oh, but that was UP..
40,000 headmen couldn't make me change my mind....
#4
saltlake
-
- Traders-Talk User
- 1,599 posts
Member
Posted 29 October 2008 - 06:42 PM
The GDP report is going to be terrible. They might try and gap them down, if they do its a buy. If they gap and go its a buy. This thing is going higher(at least a 100 ES points by fridays close)
#5
cgnx
-
- Traders-Talk User
- 2,103 posts
Member
Posted 29 October 2008 - 07:16 PM
The forced selling is over. Thats all it was. Game set and match. Its just how are they going to return prices back to where they were and which groups will do better first.
If it can be cornered, it will.
#6
pdx5
-
- Traders-Talk User
- 9,771 posts
I want return OF my money more than return ON my money
Posted 29 October 2008 - 09:19 PM
Futures look very rosy at this instant. (7 pm West Coast time)
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
