White Monday?

shortie · Oct 10, 2008

many will be afraid to carry longs over the weekend expecting some sh*t leading to a black monday. in all likelyhood we will actually have a quiet weekend without any major bad news (like bush's inspirational speech).

could be a gap up leading to +15-20% day - a White Monday.

The Kin · Oct 10, 2008

I agree. Buy the close Friday. After all the suckers are margin-called out, it will be the buy opportunity of a lifetime.

gnome · Oct 10, 2008

Quote from shortie:

many will be afraid to carry longs over the weekend expecting some sh*t leading to a black monday. in all likelyhood we will actually have a quiet weekend without any major bad news (like bush's inspirational speech).

could be a gap up leading to +15-20% day - a White Monday.

15-20%? Wouldn't THAT be something. Sounds a bit ambitions, but it would be nice... my friends and neighbors are feeling the pain.

dumpandbasher · Oct 10, 2008

What about buying 10 minutes after the open on Monday? Could be people who review their portfolio this weekend, and enter sell orders for Monday morning.

shortie · Oct 10, 2008

at some point today it felt like it could be +10% day. this can actually happen on Monday.

frank grimes · Oct 10, 2008

15-20%? wow that would be the selling opportunity of 6 lifetimes...wow

dtrader98 · Oct 10, 2008

It's not unlikely to expect equal volatility in either direction at the next day. So don't be too quick to discount a possible 10% up day out of nowhere (even a gap if the short interest is there).

kxvid · Oct 10, 2008

I bet we go higher monday. We are due for a short covering rally if nothing else. Ive been bearish for more than a year but now I think we are only 1000 points from the absolute bottom.

GermanTrader · Oct 10, 2008

Quote from shortie:

many will be afraid to carry longs over the weekend expecting some sh*t leading to a black monday. in all likelyhood we will actually have a quiet weekend without any major bad news (like bush's inspirational speech).

could be a gap up leading to +15-20% day - a White Monday.

You can't have a 15-20% day, the circuit breakers begin popping at 10%. It would have to come through a gap.

FanOfFridays · Oct 10, 2008

Quote from GermanTrader:

You can't have a 15-20% day, the circuit breakers begin popping at 10%. It would have to come through a gap.

You can't have a 15% up day? I didn't know that.