_________________________________________ Quote from Pekelo: how is a member of the MRC supposed to play a runaway gap _________________________________________ Yes, it must be one of the worst days for MRC folks for a long time.
I am most likely going long into the close. We only had 1 upgap this year so far, so beside the LOD being close to the close, we are statistically due for an upgap... And this is a "4" day, so we should gap up and have a top around 9:45...
Screw the gap up, we gap down, da boyz are adding a new event "Sell em if ya got em Friday!" See you at the bottom, Friday 4:15pmEST But if you want to rely on MRC, be my guest.
The Nikkei will sell off tonight. Careful going long on the MRC. Better to buy after the 3:00 am EST dip.
I don't go long on MRC, I go long on chartpattern recognition. By the way so far I am in the money by 10 points. Here is what's going to happen: We gap up a bit like 15-20 points. After the open we will go slightly higher then turn around between 9:45 and 10, from that point we drop 20-30 points. That is DA PLAN....
Sure, but until now, nobody spelled it out aloud. When this morning the Nikkei was up 80 but we gapped down, I knew something was up....