sorry folks but Monday is DOWN

[diligent]

yes, i would just go all short here, with maximum leverage, on leveraged products themselves...

you will clean up.

 

[ByLoSellHi]

It's too late to short now.

Bernanke is speaking this week. That should pump the markets up more than 1%.

 

[Corelio]

Quote from S2007S:

higher oil = higher stock prices, dont ever forget that!!!!

You might want to read the paper titled:
"Striking Oil: Another Puzzle."

http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=63368

 

[dozu888]

that market technicals often coincide with fundamental news?

just when the Dow and SP are about to close the gap from the February mini-crash, and all the shorts have been forced to cover, this little bomb shell of housing sales dropped.

 

[JSL_Capital]

Looks like Neiderhoffer's Lobagola's elephants at work (for those who read his first book). A great call on today's move infooo.

 

[S2007S]

bylo is right, you should have shorted on Friday if you really thought todays housing numbers would have came in weak, little late now.

As for Bernanke, he will surely take this dow to new highs this week.

 

[S2007S]

if this housing number was perfect you would have probably said hello to new highs on the Dow this week.

 

[JSL_Capital]

Quote from S2007S:

bylo is right, you should have shorted on Friday if you really thought todays housing numbers would have came in weak, little late now.

As for Bernanke, he will surely take this dow to new highs this week.

Pfft, the market gave all the chance in the world for one to short this morning before the numbers came out with a tight stop to boot .

 

[diligent]

my bet is oil has yet to show its true colors today...

 

[S2007S]

Quote from JSL_Capital:

Pfft, the market gave all the chance in the world for one to short this morning before the numbers came out with a tight stop to boot .

it may be easier to say that after the fact, like you said a tight stop would have worked out if you had everything in place before hand.....HOWEVER.... The dow dropped 40+ points about 30 seconds to a minute before the #'s even came out, so even with a stop of .10-.15 your positions would have been sold before anything even took place.