I'm not sure yet Monica? I think it's just a one day wonder, to squeeze out the shorts. It might close at the high? Hard too say, but it looks like Black Monday is for the Bears… LOL
Red, are you going to wait until tomorrow or plunge in today? Sundancer, what do you think of buying physical metals when we take another drop this week?
I think I may average in from the open.
I'm not sure yet Monica? I think it's just a one day wonder, to squeeze out the shorts. It might close at the high? Hard too say, but it looks like Black Monday is for the Bears… LOL
Sundancer, love your posts but don't always get the shorthand. You're selling over 114.8?
I bought a little SDS in pre-opening. Couldn't resist. The larger trades are bullish on bearishness.
Red, are you going to wait until tomorrow or plunge in today? Sundancer, what do you think of buying physical metals when we take another drop this week?
Yeah… me too. I expect a gap fill at 113.00, but not this big of a squeeze. Looks like a “one day wonder” too me.
Carl’s morning call:
June S&P E-mini Futures: I think that last week's low at 1056 ended the correction from 1216. Today's range estimate is 1138-68.
1121.50-1162 range last night (41 points – ~3 times the usual range)
1138-1168 estimate for today (30 points – ~2 times the usual range)
1155 currently, so estimate is -17 to +13 from here (neutral)
i'm tickled to death, i get to add my last 30% to the weekly containment setup higher than 114.80
LOL
I saw that this morning, and I tried (unsuccessfully) to short sell it from that level. I was thinking, “Why not try?”
I Apple ever gets that high, I don't think I'll be alive to see it.