Late Day Bounce?

I'm expecting an end of week rally into the close. not to sound to like a conspiracy theory-ist, but would expect fed/ppt/treasury/JPMorgan to come in and bully it up 5% The market really needs a little bit of good news.
 
I'm betting that whatever move comes next will be huge and have been sitting in ES puts and NQ calls since the EOD Wednesday. Unfortunately the position is weighted more toward the NQ calls. Barring a concerted global loan guarantee program this weekend or some other radical intervention the next move is more likely to be down than up. If I had no position right now would stay out, too much risk to play the reward of any bounce.
 
Quote from Cutten:

Normally this might work, but are there any people short here? Most people stopped shorting due to the SEC ban, fund withdrawals, or just because the market was so oversold higher up that they covered, and the few that stayed short have probably got whipsawed out.

IMO just as likely is a last hour bloodbath as margin selling and redemptions result in people selling at any price.

It's a coin flip either way.
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after 7 days off ass whoopin' I'd bet we stay down and go lower one more day....
 
Quote from stock_trad3r:

Google is a steal. EWZ also good rebound plays.


I wish I could buy but my account is busted and I have no money to add.
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Your account is bust and so are you. Talk about stating the obvious.
 
Quote from Mvic:

I'm betting that whatever move comes next will be huge and have been sitting in ES puts and NQ calls since the EOD Wednesday. Unfortunately the position is weighted more toward the NQ calls. Barring a concerted global loan guarantee program this weekend or some other radical intervention the next move is more likely to be down than up. If I had no position right now would stay out, too much risk to play the reward of any bounce.
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Intraday is the only way to play these bounces...I agree to not hold into the weekend if possible.
 
Quote from Mvic:

IBarring a concerted global loan guarantee program this weekend or some other radical intervention the next move
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heard rumor g7 would say no big bank would be allowed to fail in my news service
 
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