White Monday?

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.
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Nice call! Fed announces unlimited money for all. STOCKS SOAR!
 
Quote from shortie:

Random.Capital's definition is correct.
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Well, a gap down followed by a gap up that doesn't get filled is an island reversal, also usually signaling a bottom. Hopefully this morning's upgap does't get filled.
 
Quote from dtrader98:

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).
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:D

...and don't expect the volatility to abate anytime soon. There will be more large days coming.
 
To call the best day in DOW history on a couple days before it happens is just pure amazing.

Major props to you. Congrats on such a good call.
 
Some people will say it was a lucky guess.

Some people will say it was a statistical fluke.

I say, given that you cited excellent reasoning for the basis of your call, that it was an amazing call.

Not only did it happen, but I believe it happened for the reasons you stated it would.
 
guys, thank you for your kind words!

i put myself in the blind squirrel category. :D

but i did act upon my prediction. last week i have accumulated long positions that were underwater, but i did not sell them on friday expecting the rally to continue. i had ~1X account long going into the weekend (usually i am 100% out MOC). monday was easy trading because i entered a ton of OPG shorts against my long position, then covered shorts (financials were great shorts) and kept selling and hedging my longs as the market kept moving higher.

i only was moderately net long when the second leg of the rally started but it was a very good day for me overall.
 

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Quote from shortie:

may i draw your attention to the hollow red candle from Friday? this is far from a sure thing, but i did notice that this type of candle formed at EXACT Jan and March bottoms. in both cases we had an oversold market and the bounce that followed lasted at least a week. both times we had a VERY LARGE UP move on the day following the hollow red candle.
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another Friday and another HOLLOW RED candle on all major indexes. could we have another White Monday? Is it really possible?
 

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