if the globex UP GAP holds into RTH ...

that's how the massively underinvested mf's and hedge fund and private equity group sectors - huge sectors - are going to feel. with all the anxiety and uncertainty about today, an unsurge would be so unexpected and unsettling to the shorts that it would set the stage for a buying panic in days and weeks to come. imho!

Edited by humble1, 04 November 2008 - 06:05 AM.

comments?

comments?

I think you are a bit biased, due to your position. Could that be???

gis

The background have changed. Anyone thinking that we are resuming business as usual is mistaken. I had an eye opening experience while picking up a friend at a top 100 hedge fund yesterday. Generous space, opulently finished and wonderful views of New York's Central Park, all signs of success. When I walked past the trading room more then half of the desks (in trading hours) were empty. In addition to being empty the multiple monitors were taken off the stands and the stark sight of all these silvery stands like skeletons rising over the desks made me realize more then anything else that the HF industry is probably out of bullets at least for a while. IMHO traders who get tuned to the changing realities of the market will keep doing well. Regards, F&D

f&d: i certainly agree with you there. i am not sure that precludes one more peak at the ATH, though. thanks for your update on NYC. i love The City! ___________________________________________________________ gis: but it is so easy to change positions. why would i want to have a different position than what is called for by that which i see happening?

Edited by humble1, 04 November 2008 - 07:21 AM.

man! this looks like the start of a buying panic! my guess: we will soon (this week) take a peak at that spx 1100 gap. any t/a people care to comment on that and where the spx resistance hits hardest? also, i know some have 11/5 as a turn date (i heard a low). would you please review the case for that date and could it be a ST high? comments? p.s. i am thinking we might have another monster up day, maybe even 10%, and then look at that gap tomorrow. crazy, i know, but these are crazy times. overnight, world market reactions will be very positive if we have an orderly election, something we haven't had for a while.

Edited by humble1, 04 November 2008 - 07:44 AM.

f&d:

i certainly agree with you there. i am not sure that precludes one more peak at the ATH, though. thanks for your update on NYC.

i love The City!

___________________________________________________________

gis:

but it is so easy to change positions. why would i want to have a different position than what is called for by that which i see happening?

I think everone is long because it "always" goes up on election day. I play to initiate my first short in a couple weeks today.

GD

you are shouting a lot for a panic buying, this normally has an ugly end

man! this looks like the start of a buying panic! my guess:

we will soon (this week) take a peak at that spx 1100 gap. any t/a people care to comment on that and where the spx resistance hits hardest?

also, i know some have 11/5 as a turn date (i heard a low). would you please review the case for that date and could it be a ST high?

comments?

p.s. i am thinking we might have another monster up day, maybe even 10%, and then look at that gap tomorrow. crazy, i know, but these are crazy times. overnight, world market reactions will be very positive if we have an orderly election, something we haven't had for a while.

not if you sell the end of the panic by near the end for a ST swinger... but i think this because all the fuel is there and we are coming out of deeply oversold. ________________________________________________ AHA! i thought there was something stirring: i just heard a head on CNBS say the new administration may come out right away and announce tax hikes will be delayed. the econ advisors must be putting that word out. THAT IS HUGE BULLISH NEWS !!!!!

Edited by humble1, 04 November 2008 - 08:08 AM.

so, did you go short?

not if you sell the end of the panic by near the end for a ST swinger...