Midnight rally

volente_00 · Oct 28, 2005

congrats once again to all those who play the no risk overnight long futures for free money$$$

shorty_mcshort · Oct 28, 2005

Quote from volente_00:

congrats once again to all those who play the no risk overnight long futures for free money$$$

That no risk overnight long futures really worked out well for you yesterday didn't it?

volente_00 · Oct 28, 2005

actually it did, I bought at 329 and sold at 340 and 351

http://www.elitetrader.com/vb/showthread.php?s=&threadid=54281&perpage=6&pagenumber=339

Rickshaw Man · Nov 1, 2005

Its November fall is in the air, yes its that time of the year. These final months will be superb for the rally gang.

MacroEvent · Nov 1, 2005

the "fade the midnight rally" paid again today!

buy it up everyone so i can play again tonight!

TGM · Nov 1, 2005

Quote from Rickshaw Man:

Its November fall is in the air, yes its that time of the year. These final months will be superb for the rally gang.

The bears have little hope. The longer we hang in here the more bullish the picture becomes. Amazing, any other market would fall apart with a chart like that. But not stocks. The plunge prevention team will hold up the world.

In the last two years, I have seen amazing year end rallies in the YM. It seems like they lead the way in the year end rally. I agree with you Rickshaw. For the record, I am this minute on the sidelines and in a daytrading mode until it become clear. We will either melt up or melt down. Which way is the PPT betting?

MacroEvent · Nov 1, 2005

no ppt --- just institutions, hedgies, and the foreign buyers/seller.

and then all the crumb catchers.

newbunch · Nov 1, 2005

Quote from Rickshaw Man:

Its November fall is in the air, yes its that time of the year. These final months will be superb for the rally gang.

Last year, I was down 10% at the end of October. Finished the year up 20%. This year, I'm up 10% so far. I hope for another good November/December.

MacroEvent · Nov 2, 2005

Thanks again for the "fade the midnight rally" trade --- got to ride her all the way down for a final fill at 1203.50 {two ticks above the monday run down low --- darn now i am out of runners for this trade}.

HOOOOUUUUAAAAHHHH!

TGM · Nov 2, 2005

Quote from MacroEvent:

Thanks again for the "fade the midnight rally" trade --- got to ride her all the way down for a final fill at 1203.50 {two ticks above the monday run down low --- darn now i am out of runners for this trade}. HOOOOUUUUAAAAHHHH!

some of us caught it coming and going.

)

MacroEvent are you a macro trader? or is it just a screen name for you? You ever overlay a daily chart of the EUR/USD and the S&P? Quite a correlation over the past few years. Look at when the EURO started getting sold after the German numbers this morning ---our stock market did not last long. You all aware of this correlation? Now that I exposed it ---it wont last long ---probably near the end of it's rope.