AI
Friday, October 03, 2008 8:00:08 AM
So here I am...
Wells Fargo and Wachovia merger news is an added boost to the over night S&P future of +6
currently +10.80
This could dampen the downside when the econo news is released before the bell BUT if not... here is how we make new lows
"Daily (rsi5) and lower Bbands" before the House decision and why I'm so eager to get long "weekly Both rsi's"
Don't leave me behind.
All in all oex could still make new lows before the House makes another attempt of "not screwing it up"
Before the merger news I thought the futures felt artificial and was wondering how I would have time to bail from the oex long trade unscathed or if I should. I was looking for a new low target of -10 or more from yesterdays close and weighing whether or not I should bail from the taste trade at a loss or ride it down and add 2 more.
I don't have much time to pay attention to the market between 6:30 and about 7:55pst. So here I am again back to the same concerns with the futures back down to +3.70 currently arg...
The problem with all this thinking is if the House doesn't bite the previously pork injected bullet and blatantly blows it again ~
my trades get skunked bad. I probably should have listened to AnderL
ESI delayed
;RSI(14,70,30)&c=53940)
Wells Fargo and Wachovia merger news is an added boost to the over night S&P future of +6
currently +10.80
This could dampen the downside when the econo news is released before the bell BUT if not... here is how we make new lows
"Daily (rsi5) and lower Bbands" before the House decision and why I'm so eager to get long "weekly Both rsi's"
Don't leave me behind.
All in all oex could still make new lows before the House makes another attempt of "not screwing it up"
Before the merger news I thought the futures felt artificial and was wondering how I would have time to bail from the oex long trade unscathed or if I should. I was looking for a new low target of -10 or more from yesterdays close and weighing whether or not I should bail from the taste trade at a loss or ride it down and add 2 more.
I don't have much time to pay attention to the market between 6:30 and about 7:55pst. So here I am again back to the same concerns with the futures back down to +3.70 currently arg...
The problem with all this thinking is if the House doesn't bite the previously pork injected bullet and blatantly blows it again ~
my trades get skunked bad. I probably should have listened to AnderL
ESI delayed
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