Did futures just dropped 50 points after midnight or am I dreaming? This is one helluva bad month for MRC, sorry for breaking the spell. My short position is 30 points in the money....Before midnight it was in the red... Myth: Overnight futures always gap up. Verdict: BUSTED!!! Edit: Make it 40+ in the money. Just dropped another 12 or so points....
Closing futs shorts, it was a long frugging weekend, especially with the almost-catch of the #2 guy, and the brainless grind on Monday holiday open. Nikkei took the biggest drop since last April, http://www.bloomberg.com/apps/news?pid=10000080&sid=ahHZQv5wUndk&refer=asia Gold Falls From 25-Year High on Concern Gains May Be Overdone http://www.bloomberg.com/apps/news?pid=10000086&sid=aoZiThcMV4VU&refer=latin_america And... Welcome to earnings season! Let the games begin (Today I think there will be a weak-a** high during the open and then steady decline, see you at the bottom )
Unless we rally 70 points from here, we are looking at the 2nd breakaway gap in 1 week. Quite rare indeed, I must admit.... I guess we have just spotted our 2nd black swan. Is this mating season or what?
pekky, getting very interesting wit h th e swan thingie......I am trying to piece together the systems here....keep talking....so swans trumpet....now should i look for a trumpet pattern? thanks so much....... or the swan's behind as he is headed up?