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Does anyone know when congress is supposed to vote on the bailout package?

shhhh.

This is a terrible day for the markets. If you were lucky to be long, realize it as that. It is sad that good traders got blown out because of this. I believe we are just delaying the inevitable.

congrats, look at the GS 100 strike for today's price action, the holy grail. In Market Wizards there is the story of the guy trying to find the Holy Grail; he finds the guru who tells him BLASH (huh?)Buy low and Sell high. :cool:

Anyone else notice the markets act strange around futures expiry. I always wonder where that premium goes, probably have an up week next week, just a thought.

GS insane price action.

spy reversal.

I hope this is a short term bottom, I know a lot of people got killed I am up but have taken some hits as well. Here is the reversal candle. I am not long biased but it seems every time I take a short I get my ass handed to me. I was 20 or 30 points early yesterday.

out 115.50

long spy 114.10 stop under lod vix 42.16

out 114.48

long spy 114.13 stop 113.50 vix 41.28

VIX

bit the bullet at 118.60 This was painful but in hindsight I am feeling pretty good about it, that is exiting the position. Vix at 38.17 WOW!!

Anyone want to quote the yield on the 90 day tbill?

nice read, its not even October yet and we are in the 1100's

I have a no touch bet on 1160 spx let's see if they can hit it in the next few weeks. :)

Bottom line is price or the market rejected 1170 for now. I was fooled by what looked like accumulation. Even harder than taking these trades is holding them when you start to breathe some air. 1190 near term resistance cash or spy. A close today above that would be bullish.

This tape is moving. :) :) :)

add 119.25 :)