Black Monday - December 31, 2012

I think this "black monday" thread was probably the worst ever, considering the percentage gain. To take "worst call" on ET in any time frame takes skill.
 
It is confirmed there is going to be no deal by the deadline and the futures just keep gapping up after hours

so much for the big bad fiscal cliff

what a joke lol

as long as we're "close" to a dealt the market will keep going up...

market loves hope a lot more than it hates uncertainty
 
Quote from bonds:

It is confirmed there is going to be no deal by the deadline and the futures just keep gapping up after hours

so much for the big bad fiscal cliff

what a joke lol

as long as we're "close" to a dealt the market will keep going up...

market loves hope a lot more than it hates uncertainty

short covering/stops being hit?
 
Quote from bonds:

It is confirmed there is going to be no deal by the deadline and the futures just keep gapping up after hours

so much for the big bad fiscal cliff

what a joke lol

as long as we're "close" to a dealt the market will keep going up...

market loves hope a lot more than it hates uncertainty

I don't know where you're getting quotes, but ES was at 24.00 when NYSE closed at 4pm and we're sitting there now.
 
Quote from atticus:

I don't know where you're getting quotes, but ES was at 24.00 when NYSE closed at 4pm and we're sitting there now.

the ES doesnt appear to be trading now but the SPY closed at 142.41 and was trading at 142.88 a little while ago still trading well above where it closed and why not they are "close" to a deal
 
Quote from tradingjournals:

short covering/stops being hit?

I think its more like euphoric buying everyone wants to be long when they ink a deal
 
Quote from bonds:

the ES doesnt appear to be trading now but the SPY closed at 142.41 and was trading at 142.88 a little while ago still trading well above where it closed and why not they are "close" to a deal

You're going to be right no matter what? SPY was marked to 142.64 at NYSE close and is 142.56 offered. Yes, ES was closed when it was "gapping up". Spy was at 55 and futures weren't trading when you posted the futures were "gapping up".

Not a big deal, but the color is pointless if it's wrong.
 
Quote from bonds:

It is confirmed there is going to be no deal by the deadline and the futures just keep gapping up after hours

so much for the big bad fiscal cliff

what a joke lol

as long as we're "close" to a dealt the market will keep going up...

market loves hope a lot more than it hates uncertainty

89 to 8 on the vote this morning in the Senate.
I'd thank you for the best day I had all year yesterday but I didn't see this thread before.
The House may reject it, and the market may go down on that, but assuming you actually played it as you wrote it here you wouldn't have any money to play that move, wouldja?
 
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