I know, trade disregarded for ... What about Lehman? 150+ year old bank went tits up, more to come so some say.
Yup, them boat load of big mother %^&!$ SOBs know how to time this market. However, if Uncle Bernie doesn't slash the interest rate by 50-basis point as anticipated by the market, it's safe to say that you can kiss your 50% retracement goodbye. Just how low can we go? How about 1155 for a change!
BB, I used to read that blog. Maybe I got the address from you. It was very good, I wished he had continued to post. blog contains good information.
Stopped out for 2 ticks. Looking for reentry at 1191.00 Edit: (canceled) ...Need to work on stop placement more.
I'd say the market doesn't it lend itself right now to tight stops. A function of volatility. OldTrader
We have traded 329,593,000 shares on spy already and we are basically flat. mmmm. Looks like the powers that be can move this any way they want. AIG and rate cut on the table. What are the pundits pricing in .50 pt cut or nada?