The NY Fed just asked primary dealers to come downtown today at noon to meet with Fed and Treasury Dept officials. We expect to hear them outline a contingency plan for next week. Details to follow.
strong rebound here then indeed it's the 3 push down, so the current bar is very important. bears don't want to see a strong bull bar.
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Cobra wrote:strong rebound here then indeed it's the 3 push down, so the current bar is very important. bears don't want to see a strong bull bar.
Great opinion, Cobra!
Please give us your "rating" for the next bar!
that'll be after 11:00am ET.
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oldpigwang wrote:Cobra: do you mean we may have a down to 1278 if bull not strong??
breakdown below the opening low is the MUST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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cashed out call contracts for small profit. that's it for me today. money will be made again next week regardless the decision. not holding overnight. good luck trading everyone.