Midnight rally

[Rickshaw Man]

Quote from areyoukidding?:

i bet you don't go long overnite.

The best overnight runs occur when the markets close lower during the regular session. You can still profit even when it closes higher. But I am getting a little skittish, everyone is so giddy even myself. I can since this and it concerns me.

 

[areyoukidding?]

Quote from Rickshaw Man:

The best overnight runs occur when the markets close lower during the regular session. You can still profit even when it closes higher. But I am getting a little skittish, everyone is so giddy even myself. I can since this and it concerns me.

so i guess i have your answer.

 

[Rickshaw Man]

Quote from areyoukidding?:

so i guess i have your answer.

Yep I must take a pass tonight.

 

[mhashe]

Quote from TGM:

You are right. All the stock indexes are like that. The amount of volume that drives the thing up (even in the naz and the spoo) is a joke.

You think it is manipulation?

I will post an interesting quote for you guys. I have been aroun along time and have seen this quote ONLY RECENTLY. Check out the Fed's DIRECT QUOTE.


In a 1989 Wall Street Journal article, then Federal Reserve board member Robert Heller even suggested a market intervention strategy: “Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thus stabilizing the market as a whole.”

check out Executive Order 12631

I'm not saying the Govt is manipulating things. Just showing something you may not have seen before.

Would'nt surprise me if they were indeed actively manipulating the markets. The YM has moved up 600 odd points since the big dip without one single session of profit taking, very unusual. The current govt. suits manipulate everything else and find they can get away with it. So why not the market.

 

[areyoukidding?]

Quote from EqtTrdr:

if not and futures try and go down on earnings tonight, then they will be out in full force tonight making sure nothing bad happens to futures.....

What about you sparky?

 

[MacroEvent]

BUY now for the midnight rally, 5 point discount to the late comers-----------es is at 1228.25----------hahahahaha!

 

[Raystonn]

It would seem that, at whatever time the market drops, you always indicate that you were out of the market until that time. I put forth that the midnight rally crowd, previously defined as those who buy near (but prior to) the market close are currently very much underwater.

-Raystonn

 

[Rickshaw Man]

Quote from Rickshaw Man:

Yep I must take a pass tonight.

Wow last time I looked at the index futures at 8:00pm cst they were down pretty hard. Well its 4:30 cst and the midnight rally crew has been hard at work I see. I failed to participate last night what a mistake that was.

 

[areyoukidding?]

Quote from MacroEvent:

BUY now for the midnight rally, 5 point discount to the late comers-----------es is at 1228.25----------hahahahaha!

I will take the other side of your emotion any day...so obvious.

 

[areyoukidding?]

Quote from Rickshaw Man:

Wow last time I looked at the index futures at 8:00pm cst they were down pretty hard. Well its 4:30 cst and the midnight rally crew has been hard at work I see. I failed to participate last night what a mistake that was.

20/20 hindsight and when you are lucky with a pop, you are bragging like a little school girl. but, thanks for playing.