Let's face it - this is a net sum zero proposition this week. We are moving to the right - with some ups and downs in-between. This is really a vaction week - and I personally do not want to work.
With that in mind - have a happy Thanksgiving everyone. Enjoy some down time with your family and friends (with only one eye on the market!).
Cheers!
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8 comments:
and a Happy Thanksgiving back at you, may your toughest decision be the wine to serve for the turkey day fest.
Bob
David O,
I'm relatively new to this, so I enjoy learning from the banter that goes back and forth from you, payline, devon, KPH, Bob G. (with helpers from teddy and HMS) etc. All of you are very generous with your knowledge. While I haven't yet hit a homerun this year or even a clean single, all of you are helping me with bunt singles and scratch hits to cover up my booted plays.
Thank-you. Hope all have a nice family gathering between now and the end of the year.
David,
Thanks for all the great work you are doing.
Keep the powder dry and relax for now.
Enjoy life with the people we all do it for.
There will be many more battles to fight!
David O , Happy Holiday for you and your family , may there be many many more .
My Best for Every One
happy thanksgiving all!
While we are away
http://www.reuters.com/article/businessNews/idUSTRE5AN54C20091126?feedType=nl&feedName=usbeforethebell.
Look at the action in the Bond Markets.
Check out the 5 wave falling wedge on the vix, ( daily chart )
And New Margin Rules on levered ETFs start Dec 1
http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p119906.pdf
It is about to get interesting .
how to play tomorrow is the question.. s&p futures at around 1085 and europe being down around 3% would seem that s&p around 1075 would seem plausible and if that breaks then i think we're off to the races.. not sure if i would short at open but seems that would be the way to go - there's bound to be panic selling in the am.. i guess we'll find out!
Devon , I dont thing it will be boring :)
They stopped trading on the Ftse for 3 hours last night .......
Good luck out there .
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