and each time it goes lower another credit swap hedge fund is out of business,sort of like hedge fund sniping,ppt in reverse,and we'll save 700 billion
cnn just broke this: "The Senate plans to vote on the $700 billion financial rescue bill Wednesday evening -- two days after the House voted it down." tomorrow will be interesting, you have: 1) today we had a big up move, so market will probably selloff due to profit taking/unloading going into the evening vote vs 2) market will load up more with expectation the vote get passed. I think 1) is more likely but to be honest noone knows. The play will be AFTER the vote, if we have 1) then expect another rally after vote is passed. If we have 2) then expect a sideway/down day after vote is passed (sell the news).
Doesn't matter until the house votes (noon Thursday at the earliest)...the Senate was always expected to pass it so I wouldn't count on a big response to that.
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/uodKTWWmIs0&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/uodKTWWmIs0&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object> How the hell do you spooz days traders even survive with all these 5-10 point spreads (and 1-2 point spreads during lower volume times of the day), and paper is still willing to just hit the bid with size on the big SP contract??? Anyone trade the big contract or trade on the floor...I'm assuming its just a bloodbath down there....is the liquidity any better in the ES?
I have been trying for 2-3 points and I guess maybe what I meant for me at least it seems like you don't get the larger swings till a little later on in the day and the swings are what help me. I've still got a lot to learn. Paul