Weekly Poll: Will Buyers Knocked Out By Expiration Put Up A Fight?

SPY Next Week?

  • Bullish

    Votes: 11 27.5%

  • Flat

    Votes: 6 15.0%

  • Bearish

    Votes: 19 47.5%

  • I prefer to keep my opinion to myself

    Votes: 4 10.0%
  • Total voters
    40
  • Poll closed .
From what I saw it wasn't him speaking (I didn't watch) it was the speech's distribution, which is what I saw, about five or ten minutes after the drop started, on the Live News section over on the left on TOS.
I do IWM almost exclusively now, and I had a line drawn from the close of the 30-minute bar from 3:30 yesterday; I figured the last half hour yesterday was just fake. It came down to that line early on, bounced off it, looked like it was going to be positive for the rest of the day, and then went through it when the speech came out, and never went back above.
 
"“We’re not prepared to take any specific steps in the near term, particularly since we’re still also evaluating the recovery, the strength of the recovery,” Bernanke said under questioning from lawmakers at the Senate Banking Committee. "

= "we are very low on ammo"
 
Quote from shortie:



= "we are very low on ammo"
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If the market heads up tomorrow or stabilizes, it means that he is the problem. In my opinion they need to fire all three ( Bernanke, Geithner, and Summers). Three idiots, who think they are intelligent.
 
Quote from tradingjournals:

... At the close today, for tomorrow, I favored going long overnight while shorting option premium (weekly expiration is tomorrow). How are people in here position for tomorrow? I would love to see a gap up tomorrow.
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3:40AM: futures are up. 0.60% on Nasdaq-100. Maybe I should hedge?
 
Quote from tradingjournals:

If the market heads up tomorrow or stabilizes, it means that he is the problem. In my opinion they need to fire all three ( Bernanke, Geithner, and Summers). Three idiots, who think they are intelligent.
More...
The mess we are in is due to the policies of Obama and the Democrats. Bernanke is doing his best to prevent our economy from going into a tailspin.
 
Futures in rally mode this morning, however there is still earnings reports coming from major dow components, job numbers before the opening and housing figures a half hour after the opening bell. If job numbers come in line and housing numbers are pretty good the bulls will erase all of yesterdays losses.
 
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