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Re: AnderL post# 2752

Thursday, 10/02/2008 9:04:37 AM

Thursday, October 02, 2008 9:04:37 AM

Post# of 4839
EDIT: Good guess. So then...
Overwhelmingly passed with a vote count of 74-25
Futures suggest Mr Market is driving home the importance of restoring credit.
So it was sell the news.
The House is expected to vote again Friday afternoon.
Question/scenario (1) Any idea what time? (for an extreme low long position before the fact.) EDIT: I just heard 2:00pm
Question/scenario (2) Will the market chance a rally into the house vote with an intraday low today or Friday am?
In either event I would like to be along for the euphoric ride.

I'm throwing my previous count out the window since no high targets were met yesterday and premarket is down. It's a jumbled mess now with two many overlaps. My pea brain I can't count it.

Thinking one of two things...
a) 60m top Bbands are very low now so the move up could push them higher breaking my upside short targets. euphoric
b) keeping an eye on oex xlf 30m Vs 60m lower Bbands and GE 22.50
More bad econo numbers this am and we still have Friday to deal with.

2-Oct 10:00 Factory Orders
3-Oct 8:30 Average Workweek
3-Oct 8:30 Hourly Earnings
3-Oct 8:30 Nonfarm Payrolls
3-Oct 8:30 Unemployment Rate
3-Oct 10:00 ISM Services

I know this post must seem scatterbrained. I made the mistake of looking at the futures last night...
saw it down ~ went to bed early because I was mad I wasn't short ~ woke about 3:30 ~
took awhile getting back to sleep ~ getting a late start now ~ still trying to wake up.
Your thoughts?

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